Vietnam to Increase Minimum Wage for 2016

By Molly Ward

Sept. 8—The monthly minimum wage in Vietnam is to increase by 12.4 percent, which is an additional 250,000 Vietnamese dong ($11.12) to 400,000 dong ($17.80), for 2016, Vietnam News said Sept. 3.

The minimum wage varies depending on the cost of living of a location and is divided into four regions. The new minimum wages will range from 2.4 million dong ($107) to 3.5 million dong ($156).

The current highest minimum wage is in Hanoi and Ho Chi Minh City at 3.1 million dong ($138) a month, while the lowest in rural areas is 2.15 million dong ($96).

To contact the reporter on this story: Molly Ward at mward@bna.com

To contact the editor responsible for this story: Michael Baer at mbaer@bna.com

The news release can be found at http://vietnamnews.vn/society/275313/minimum-wage-to-increase-by-124-per-cent.html.

More information on payroll issues in Vietnam can be found in the Vietnam country primer.