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Vietnam Increases Minimum Wages

Time:   04.07.2022
Vietnam Increases Minimum Wages

The Vietnamese government signed Decree No. 38/2022/ND-CP on 12 June 2022, announcing that the minimum wages will be increased by an average of 6% from 1 July 2022.

The monthly minimum wages are adjusted as follows as per the new Decree:
  1. Region I: increased from VND4.42 million (around USD190) to VND4.68 (around USD202)
  2. Region II: increased from VND3.92 million (around USD169) to VND4.16 (around USD179)
  3. Region III: increased from VND3.43 million (around USD148) to VND3.64 (around USD157)
  4. Region IV: increased from VND3.07 million (around USD132) to VND3.25 (around USD140)

The hourly minimum wages are adjusted as follows as per the new Decree:
  1. Region I: increased to VND 22,500 (around USD0.97)
  2. Region II: increased to VND 20,000 (around USD0.86)
  3. Region III: increased to VND 17,500 (around USD0.75)
  4. Region IV: increased to VND 15,600 (around USD0.67)

Region I covers urban Hanoi and Ho Chi Minh City;
Region II covers rural Hanoi and Ho Chi Minh City along with Da Nang;
Region III covers provincial cities and districts of Bac Ninh, Bac Giang, Hai Duong, Phu To, Binh Phuc and other provinces not listed in Region I and Region II;
Region IV covers remaining localities.

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