VIETNAM SET TO RAISE MINIMUM SALARIES EARLY NEXT MONTH

Contract workers will have their salaries increased 6% as from early next month, according to a new decree issued by the Government.

Decree 38/2022/ND-CP on the regional salary increase, signed by on Sunday, June 12, Deputy Prime Minister Pham Binh Minh applies to workers who signed labor contracts as per the Labor Code, and employers such as businesses operating under the Enterprise Law, organizations, cooperatives, business households and individuals.

There will be four new minimum salary levels for four different regions of the country. In region one, the monthly salary will rise from VND4.42 million to VND4.68 million; in region two, from VND3.92 million to VND4.16 million; in region three, from VND3.43 million to VND3.64 million; in region four, from VND3.07 million to VND3.25 million.

For hourly wages, the decree also specifies four levels for four regions. Region one has an hourly wage of VND22,500; region two, VND20,000; region three, VND17,500; and region four, VND15,600.

Source: The Saigon Times