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VIETNAM: Minimum Monthly Wage Set to Increase by 7.3% from January 2017

A 7.3% increase in the minimum monthly wage is to be rolled out across the country as of 1 January 2017. With wage bands tiered across Vietnam, this will see employees’ monthly pay affected on a sliding scale.

In Region One (the urban districts of the country’s leading cities, including Hanoi and Ho Chi Minh City), workers will  enjoy an increase of VND 250,000 (US$11), taking them from VND 3.5 million to VND 3.75 million. At the lower end of the scale, workers in Region Four (the country’s least developed areas) will benefit from a VND 180,000 increase, taking their monthly wage to VND 2.58 million.

The increases come as a compromise between the General Confederation of Labour, which called for an increase of 11%, and the Vietnam Chamber of Commerce and Industry that sought to limit increases to just 4.6%.

Content provided by Picture: HKTDC Research
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