19 Dec 2017
VIETNAM: Minimum Monthly Wage Set to Increase by 6.5% from January 2018
An average increase of 6.5% in the minimum monthly wage is to be rolled out across Vietnam as of 1 January 2018. With wage bands tiered across the country, this will see employees’ monthly pay affected on a sliding scale.
In Region One, which include Hanoi, Ho Chi Minh City and the urban districts of leading cities in Vietnam, workers will get an increase of VND230,000 (US$10), with the minimum wage raised to VND3.98 million. Workers in Region Four (the country’s least developed areas) will benefit from a VND180,000 (US$7.9) increase, taking their monthly wage to VND2.76 million.
In the case of skilled workers, monthly salaries are at least 7% higher than the stipulated minimum wage in the respective regions. The latest increase is the lowest in the last 10 years with 2017 seeing a 7.3% hike in the monthly minimum wage.