INCREASE REGION-BASED MINIMUM WAGE LEVELS FROM JULY 01
The Decree No. 38/2022/ND-CP prescribing region-based minimum wage levels applicable to employees working under labor contracts is issued on June 12, 2022 by the Government.
Accordingly, monthly region-based minimum wage levels applicable to employees are increased to 4,680,000 VND/month; 4,160,000 VND/month; 3,640,000 VND/month and 3,250,000 VND/month in region I; region II; region III and region IV, respectively.
Hourly region-based minimum wage levels are 22,500 VND/hour; 20,000 VND/hour; 17,500 VND/hour and 15,600 VND/hour in region I; region II; region III and region IV, respectively.
For workers who are paid on a daily or weekly basis, or who are paid based on piece work or products turned out, their salary, when converted into the monthly or hourly rate, must not be lower than the monthly or hourly minimum wage level. To be specific:
The salary converted into the monthly rate shall be equal to the weekly wage multiplied by 52 weeks, divided by 12 months; or the daily wage multiplied by the number of normal working days in a month; or the salary paid based on piece work or products turned out in the normal working hours of the month.
The salary converted into hourly rate shall be equal to the weekly or daily wage, divided by the number of normal working hours in a week or a day; or the salary that is paid based on piece work or products turned out divided by the number of working hours in the normal working time for the production or piece work implementation.
This Decree takes effect on July 01, 2022.
