Want to be in the loop?
subscribe to
our notification
Business News
WAGE HIKE PROPOSED FROM EARLY JULY
The National Wage Council has submitted a proposal to the Government for raising the regional minimum wage as from July 1.
According to the proposal, the regional minimum wage would rise by 6%, or by between VND200,000 and VND280,000 per month.
In region 1, the monthly minimum wage would rise by VND280,000 to VND4.96 million. Region 2 would see an increase of VND250,000, from VND3.64 million to VND3.86 million.
Likewise, the minimum wage in region 3 would increase by VND220,000 to VND3.86 million, and region 4 would experience a VND200,000 rise to VND3.45 million.
The hourly minimum wage would also edge up by 6%, equivalent to between VND16,600 and VND23,800.
If approval is forthcoming, the new wage policy would take effect on July 1, coinciding with wage reform at State-owned enterprises. This timeline aims to provide businesses with ample preparation time for the wage hike.
Statistics indicate that the average monthly income of Vietnamese employees last year was VND7.1 million, a 6.9% increase, or VND459,000 compared to 2022.
Source: The Saigon Times
Related News
HOT NEWS
TRAVEL UPDATE: CAMBODIA INTRODUCES TEMPORARY VISA-FREE ENTRY FOR PRC PASSPORT HOLDERS (INCLUDING HONG KONG AND MACAU)
According to the Ministry of Tourism of the Kingdom of Cambodia, holders of passports issued by the People's Republic of China (PRC), including Mainland China, Hong Kong, and Macau, will be eligible for temporary visa-free entry to Cambodia from 15 June to 15 October 2026. The temporary measure is expected to facilitate tourism, business travel, and people-to-people exchanges between Cambodia and Chinese-speaking markets, including Hong Kong and Macau.
MEMBER CORNER / PROMOTIONS
TEE OFF & STAY AT HOIANA SHORES GOLF CLUB
Unlock exclusive golf and stay privileges reserved for member cardholders. Experience award-winning links golf, premium hospitality, and coastal relaxation with specially curated rates available for a limited time. Booking Period: 15 June – 30 September 2026. All supporting documents and payment details will be provided upon booking confirmation.
PROPERTY / INDUSTRIAL ZONE
HCMC TARGETS 181,000 NEW SOCIAL HOUSING UNITS BY 2030
HCMC plans to build more than 181,000 social housing units between 2026 and 2030, after completing nearly 17,900 units over the past five years, city officials said. Le Duc Anh, deputy head of the Housing and Real Estate Market Management Division under the city’s Department of Construction, said at a socio-economic press briefing in HCMC on June 4 that the city was stepping up efforts to expand social housing supply.
VIETNAM ECONOMY INVESTMENT
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING GREEN LOANS REACH VND828 TRILLION IN 2017-2025
Outstanding green loans in Vietnam have reached VND828 trillion, with 82 credit institutions now extending financing to environmentally sustainable projects. Growing at an average annual rate of more than 20% between 2017 and 2025, green credit has emerged as a key driver for mobilizing and allocating resources to support the country’s green transition and sustainable economic development.
BANKING / FINANCE / INSURANCE / TAX
AROUND VND33.6 TRILLION RAISED FROM G-BONDS IN MAY
The State Treasury raised VND33.63 trillion from Government bond (G-bond) auctions in May, completing 72% of its second quarter issuance plan and nearly one-third of its annual target. According to data released by the Hanoi Stock Exchange (HNX) on June 4, the exchange organized a total of 17 G-bond auctions on behalf of the State Treasury during May.
Events Sponsors
