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Vietnam 2020 Minimum Wage Increases to Be Among Lowest on Record

July 19, 2019, 4:19 PM

Vietnam is to raise its minimum wages by an average of 5.5% in 2020, one of the lowest annual increases in an economy that since 2015 has had annual gross domestic product growth of more than 6%.

The National Wage Council proposed that the country’s minimum wages be increased by 150,000 Vietnamese dong (U.S. $6.45) to 240,000 Vietnamese dong (U.S. $10.32) per month, “corresponding to an increase of 5.1% to 5.7% depending on the region,” the Ministry of Labor, Invalids, and Social Affairs said July 18 in a news release (Vietnamese).

For Region 1, which is the most expensive among ...