Vietnam to Increase Minimum Wages Jan. 1

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By Jared Mondschein

Nov. 18 — Minimum wages in Vietnam are to increase by around 7.3 percent, which is an additional 180,000 dong ($8) to 250,000 dong ($11) per month, beginning Jan. 1, 2017, the government said Nov. 14 in decree 153/2016/NĐ-CP.

The minimum wage varies depending on the cost of living of a location and is divided into four regions. The new monthly minimum wage will range from 3.75 million dong ($166) to 2.58 million dong ($114).

The current highest minimum wage is in Hanoi and Ho Chi Minh City at 3.5 million dong ($155) a month while the lowest is in certain rural areas at 2.4 million dong ($106).

To contact the reporter on this story: Jared Mondschein at jmondschein@bna.comTo contact the editor on this story: Michael Baer at mbaer@bna.com

For More Information

Decree No. 153/2016 is available in Vietnamese at http://www.moit.gov.vn/vn/Pages/ChiTietVanBan.aspx?vID=15052. More information on payroll issues in Vietnam is available in the Vietnam country primer.

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