Hanoi, Nov. 3 -- Specifically, monthly minimum wage will increase to VND5.7 million in Region I; VND5.08 million in Region II; VND4.45 million in Region III; and VND4.04 million in Region IV.
The decree also stipulates new hourly minimum wages of VND27,400 in Region I; VND24,400 in Region II; VND21,400 in Region III; and VND19,400 in Region IV.
Regarding the geographical scope of application, the decree specifies that employers shall apply the minimum wage corresponding to the area where they operate.
Viet Nam's regional minimum wage system divides the country into four geographical areas - Region I, Region II, Region III and Region IV - based on differences in socio-economic development, living costs and labor market conditions.
Region...