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Government to apply new minimum wage rates

The government will increase the minimum wage to VND1.65-2.35 million per month from next January.

The government will increase the minimum wage to VND1.65-2.35 million (USD79.1-112.7) per month from January 1 next year.

Government to apply new minimum wage rates - 1
 

New minimum wages will take effect from January 1, 2013

The new basic salary will be divided by area, with the highest increases going to the most developed areas.

Area 1 includes Hanoi, HCM City, Quang Ninh, Danang, Binh Duong, Dong Nai and Vung Tau, which will see the minimum wage increased to VND2.35 million (USD112.7), up from a current VND2 million.

Area 2 includes Haiphong, Vinh Phuc, Thai Nguyen, Khanh Hoa, Binh Phuoc, Tay Ninh, Long An, An Giang, Can Tho and Ca Mau, and will set VND2.1 million as the minimum wage, compared to current VND1,780,000.

Areas III and IV will respectively set VND1.8 million and VND1.65 million as their minimum wages, up from a current VND1.55 million and VND1.4 million.

The new basic salaries are from VND250,000 to 350,000 per month higher than the current rates.

The Ministry of Labour, Invalids and Social Affairs proposed two planned minimum wage increases, to be applied from January 1, 2013 with the highest set at VND2.7 million and the lowest VND1.8 million.

Source: dtinews.vn
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