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Vietnam to Increase Minimum Wage by 6% from July 2024

Time:   08.01.2024
Vietnam to Increase Minimum Wage by 6% from July 2024

The National Wage Council of Vietnam recently voted and agreed that Vietnam’s minimum wage should be increased by 6% from 1 July 2024.  When the foregoing adjustment is officially approved and implemented, Vietnam’s minimum wage will be adjusted as follows:

  1. Monthly Minimum Wage

    Region 1: VND4,960,800
    Region 2: VND4,409,600
    Region 3: VND3,858,400
    Region 4: VND3,445,000

  2. Minimum Hourly Wage

    Region 1: VND23,800
    Region 2: VND21,000
    Region 3: VND18,600
    Region 4: VND16,600

Region 1 covers urban Hanoi and Ho Chi Minh City;
Region 2 covers rural Hanoi and Ho Chi Minh City along with Da Nang;
Region 3 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 4 covers remaining localities.

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