REGION-BASED STATUTORY MINIMUM WAGES
(The statutory minimum wages paid under employment contracts from July 01, 2022)

Region based statutory minimum wages 2022

REGION-BASED STATUTORY MINIMUM WAGES
(The statutory minimum wages paid under employment contracts from July 01, 2022)

(Last Updated On: July 25, 2022)

Region based statutory minimum wages 2022 REGULATIONS ON THE APPLICATION OF STATUTORY MINIMUM WAGES AND CONTRIBUTION OF INSURANCES FROM 1/7/2022 FOR EMPLOYERS

  1. Employers shall review and make appropriate modifications to their agreements in employment contracts, collective bargaining agreements as well as other regulations and rules;
  2. Employers are not allowed to cut or reduce any overtime pay, nightshift pay, perquisites and other benefits paid to employees as prescribed by the Labour Code.

REGULATIONS ON THE LEVEL OF STATUTORY MINIMUM WAGES FROM 1/7/2022

The region-based statutory minimum wages per month and per hour paid to employees are provided for as follows:

Region (*)Minimum wages per month (VND/month)Minimum wages per hour (VND/hour)
Region I4.680.00022.500
Region II4.160.00020.000
Region III3.640.00017.500
Region IV3.250.00015.600

Determination of a subregion as the basis for application of the statutory minimum wages shall be conducted based on the employer’s place of operation. To be specific:

  1. An employer located in a specific subregion shall apply the respective statutory minimum wage applied thereto.
  2. In the event that an employer has its affiliates and/or branches located in different subregions to which different statutory minimum wages apply, such affiliates and/or branches must apply the respective statutory minimum wages applied thereto.
  3. If an employer is located in an industrial park or export processing zone located in the territory containing two or more subregions to which different statutory minimum wages apply, the highest statutory minimum wage shall apply.

REGULATIONS ON THE APPLICATION OF STATUTORY MINIMUM WAGES FROM 1/7/2022

  1. The statutory minimum wage per month is the minimum wage used as the basis for any agreement between employers and employees on monthly salary and payment thereof. The job- or position-based salary of an employee who ensures the monthly normal working hours and has fulfilled his/her labor productivity norms or tasks as agreed shall not be lower than the statutory minimum wages per month.
  2. The statutory minimum wage per hour is the minimum wage used as the basis for any agreement between employers and employees on hourly salary and payment thereof. The job- or position-based salary paid for every working hour to an employee who has fulfilled his/her labor productivity norms or tasks as agreed shall not be lower than the statutory minimum wages per hour.
  3. In case an employee receives a weekly or daily salary, a piece-rate pay or a fixed pay, the wages paid to the employee, when converted into monthly or hourly salary, shall not be lower than the statutory minimum wage per month or hour. The normal working hours-based converted monthly or hourly salary shall be subjected to the employer’s decision in accordance with regulations of law. To be specific:
    • The converted monthly salary shall equal the product of the weekly salary and 52 weeks divided by 12 months; or the daily salary multiplied by the total normal working days in a month; or the piece-rate pay or fixed pay for the works performed during normal working hours in a month.
    • The converted hourly salary shall equal the weekly or daily salary divided by the normal working hours in a week or a day respectively; or the piece-rate pay or fixed pay divided by the working hours, considered as normal working hours, spent for producing a predetermined quantity of products or performing assigned works.

 

These regulations are from Decree No.: 38/2022/ND-CP June 12, 2022 comes into force from July 01, 2022

VIVA Business Consulting will apply and revise every labor contract, collective agreement, monthly payrolls, and wages for the contribution of insurances according to this new regulation from July 2022. Each amendment will be tailored process on case by case and time by time so that your enterprise can fully comply with local regulations in an optimal manner.

Please consult with us for any of your further query: leads@vivabcs.com.vn or hotline: 1800 1243

ABOUT VIVA BUSINESS CONSULTING

Who we are?

  • VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006.
  • The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Secretarial services help us build trust and confidence in the entrepreneur's community.
  • We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. in forms of FDI companies, Foreign representative offices, Foreigners working in Vietnam, Vietnamese SMEs, Chief Operation Officers.

What we do

  • Services for Expats in Vietnam: Visa, Work Permit, Temporary residence card, Compulsory Insurances, Personal Income tax, Labor contracts, Employment Records and Relations, Other Secretarial Services.
  • Services for Representative offices in Vietnam: Establishment, extension of representative office licenses. Required compliance procedures during operation. Rights and obligations of the chief of representative office. Closure of representative office risks management.
  • Services for a company in Vietnam: Setting up a new company and licensing service. Business records management. Daily business transactions management. Tax management. Accounting and financial statements. Employments, payroll and compulsory insurances. Representative on behalf of competent state agencies for any business administration procedures.

 

Motivated by our core values of ceaseless improvement, our great insights in local business culture and regulations, as well as the exclusive services, promise to offer you one-stop and tailored-made solutions that optimize every of your business in Vietnam in the lawful manner.

We are looking to be your valued business partner and resources in Vietnam as we have been choosing since 2006.

 

Footer content lv2

 

Chat with consultants

 

 

Read more:



error: Alert: Content is protected !!