TO INCREASE THE REGION-BASED MINIMUM WAGE FROM JANUARY 01, 2020
The Government promulgates the Decree No. 90/2019/ND-CP prescribing region-based minimum wage levels applicable to employees working under labor contracts on November 15, 2019.
Accordingly, region-based minimum wage levels applicable to employees working in enterprises are specified as follows:
First, VND 4,420,000/month for enterprises operating in localities of region I.
Second, VND 3,920,000/month for enterprises operating in localities of region II.
Third, VND 3,430,000/month for enterprises operating in localities of region III.
Compare to 2019, the region-based minimum wage levels increase from VND 150,000/month to VND 240,000/month.
Region-based minimum wage levels are the lowest ones which serve as a basis for enterprises and employees to reach agreement on and pay wages. For employees performing jobs which require trained employees, the level of wage to be paid must be at least 7% higher than the above region-based minimum wage level.
This Decree takes effect on January 01, 2020.
