Firms will be fined between VND20 million (USD952) and VND50 million (USD2,380) million for late wage payments, according to a Ministry of Labour, Invalids and Social Affairs draft decree.
The draft decree stipulates that enterprise will have to compensate workers for late wage payment. The level of compensation will relate to the interest of the total salaries deposited at banks during the period.
Under the decree, a fine of VND20-50 million will be issued for companies which pay lower salaries than the regulated minimum regional levels.
Employers will also have to refund the differential salary for employees and pay them at least five months of salary at minimum regional levels.
In cases where a company completely lacks a salary scale and payroll they will be fined from VND10 million (USD476) to VND25 million (USD1,190).
A fine of between VND5 million (USD238) and VND7 million (USD333) will be imposed on companies which pay salaries for their extra working hours and night shifts lower than regulated levels.
Businesses will be fined VND15-30 million (USD714.2-142.8) for not paying sufficient salaries to its workers when they legally conclude their employment.
