OFFICIALLY INCREASE THE REGIONAL MINIMUM WAGE FROM JULY 1, 2024

Menu

The Central Executive Committee has issued Conclusion 83-KL/TW on salary reform; Adjust pensions, social insurance benefits, preferential benefits for meritorious people and social benefits from July 1, 2024.

Specifically, the minimum wage for employees working under labor contracts from July 1, 2024 is as follows:

  • Region I: 4,960,000 VND/month;
  • Region II is: 4,410,000 VND/month;
  • Region III is: 3,860,000 VND/month;
  • Region IV is: 3,450,000 VND/month.

The hourly minimum wage is also adjusted to increase in 04 regions as follows:

  • Region I: 23,800 VND/hour;
  • Region II is: 21,200 VND/hour;
  • Region III is: 18,600 VND/hour;
  • Region IV is: 16,600 VND/hour.

FAST NEW

Why we need to convince employees to stay in the company?

19/05/2025

Legal compliance with labor laws in Vietnam

12/05/2025

Compliance with immigration laws for businesses in Vietnam

05/05/2025

State-specific workers' compensation laws in Vietnam

28/04/2025

How to build Employee benefits compliance policy

21/04/2025

Salary coefficient table according to Decree 204: Latest information 2025

14/04/2025

Payroll outsourcing trends in 2025

07/04/2025

Key criteria for choosing a payroll outsourcing provider

31/03/2025

Can payroll outsourcing improve business efficiency?

27/03/2025

Common legal risks in payroll outsourcing

24/03/2025