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New region minimum wage from 01/01/2013
If you have any questions, do not hesitate to contact HR2B Payroll Services in Vietnam.
December 04 2012, Today the government announced a 16-18% increase in the minimum wage applicable to all private business in Viet Nam.
| Where | Current | From 1/1/2013 | % Increase |
| Region I | 2,000,000 | 2,350,000 | 17.5% |
| Region II | 1,780,000 | 2,100,000 | 17.98% |
| Region III | 1,550,000 | 1,800,000 | 16.13% |
| Region IV | 1,400,000 | 1,650,000 | 17.86% |
From 01/01/2013, the minimum wage applicable to private business will increase from 16% to 18% compared to the old.Specifically, the Region minimum wage is applicable to businesses operating in the Region I, will increase from VND2,000,000 to VND2,350,000, an increase of VND350,000.Similarly, the business operating in the Region II, will be applied the minimum wage was VND2,100,000, an increase of VND320,000.Enterprises of Region III will apply the salary of VND1.800.000 and Region IV is VND1,650,000, up from the previous VND250,000.
The minimum wage covers employees working in enterprises, cooperatives, cooperative groups, farms, households and individuals and the agencies and organizations that hire employee.
HR Professional check list
- 1. Identify who in your organisation needs to adjust salary.
- 2. Prepare a proposal for your board of directors / management to ensure there are salary funds available for the increase;
- 3. Communicate the change to your affected staff.
- 4. Check January payroll for compliance.
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