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New Decree on Region-based Minimum Wage Level

Global Tax Update:December 2015/Vietnam

The Government has recently issued Decree No. 122/2015/ND-CP ("Decree 122") dated 14 November 2015 replacing Decree No. 103/2014/ND-CP dated 11 November 2014 to stipulate the updated region-based minimum wage levels for all types of enterprises. (Global Tax Update: December 2015/Vietnam)

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Update on Minimum Wage Levels

The Government has recently issued Decree No. 122/2015/ND-CP (“Decree 122”) dated 14 November 2015 replacing Decree No. 103/2014/ND-CP dated 11 November 2014 to stipulate the updated region-based minimum wage levels for all types of enterprises. Accordingly:

  • The level of VND 3,500,000/month will be applied to enterprises operating in localities of region I;
  • The level of VND 3,100,000/month will be applied to enterprises operating in localities of region II;
  • The level of VND 2,700,000/month will be applied to enterprises operating in localities of region III;
  • The level of VND 2,400,000/month will be applied to enterprises operating in localities of region IV.

 

>> Click for Japanese [地域別最低賃金基準を定める新Decree]

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