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VIETNAM: New Minimum Monthly Wages for 2020 Announced

The country’s minimum monthly wage is set to increase by US$6.5-10 (depending on region) as of 1 January next year in line with the figures in the table below:

 

RegionNew Minimum Monthly WagePrevious Minimum Monthly WageAmount of Increase
Region 1
(including the urban districts of Hanoi and Ho Chi Minh City)
VND4.42 millionVND4.18 millionVND240,000
Region 2
(including the rural districts of Hanoi and Ho Chi Minh City)
VND3.92 millionVND3.71 millionVND210,000
Region 3
(including many of the country’s provincial cities)
VND3.43 millionVND3.25 millionVND180,000
Region 4
(including many of the country’s least-developed areas)
VND3.07 millionVND2.92 millionVND150,000

 

(US$1=VND23,200)

Overall, the average increase in the 2020 monthly minimum wage is slightly higher than the average rise for 2019, which saw the lowest average increase for 10 years.

Content provided by Picture: HKTDC Research
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