Vietnam’s monthly and hourly minimum wages increased July 1 under a decree published June 30.
Decree 74/2024/NĐ-CP (Vietnamese) sets monthly minimum wages for each of four regions from 3.45 million dong (US$135.53) to 4.96 million dong, up from a range of 3.25 million dong to 4.68 million dong that was in effect since July 1, 2022. Hourly minimum wages range from 16,600 dong to 23,800 dong, up from 15,600 dong to 22,500 dong.
Taxable wages for unemployment taxes are also calculated as 20 times the applicable monthly minimum wage.
The decree lists which areas are in which regions, and the ...
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