The minimum wage in Vietnam varies depending on the region and sector. As of January 2022, the monthly minimum wage ranges from 4.18 million VND ($182) to 4.97 million VND ($217).
The minimum wage in Vietnam is subject to variations based on the region and sector. As of January 2022, workers in different regions receive different minimum wage levels. In Region I, which includes major cities like Hanoi and Ho Chi Minh City, the minimum wage is set at 4.97 million VND ($217) per month. Meanwhile, in Region II, including provinces around the major cities, the minimum wage stands at 4.69 million VND ($205), and in Region III, it is 4.42 million VND ($193). Lastly, in Region IV, which covers the rest of the country’s provinces, the minimum wage amounts to 4.18 million VND ($182) per month.
To understand the significance of the minimum wage and its impact on workers, Mahatma Gandhi once stated, “A nation’s culture resides in the hearts and in the soul of its people. When the minimum wage conditions the life of a worker, it is not culture.” This quote highlights the crucial role played by fair wages in promoting social justice and contributing to the overall well-being of individuals within a society.
Now, let’s delve into some interesting facts regarding the minimum wage in Vietnam:
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Incremental Increase: The minimum wage in Vietnam undergoes periodic adjustments by the National Wage Council to account for inflation and changes in living costs. The adjustments are typically made every few years to ensure workers’ wages keep up with the evolving economic conditions.
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Government Intervention: The Vietnamese government acknowledges the importance of fair wages and actively participates in setting the minimum wage rates. The National Wage Council, composed of representatives from trade unions, employers’ associations, and relevant government agencies, engages in extensive discussions and negotiations to determine the appropriate minimum wage levels.
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Sector-Specific Minimum Wages: Besides regional variations, Vietnam also establishes sector-specific minimum wage levels. This approach considers the varying economic conditions across industries and aims to provide adequate compensation based on factors such as skill requirements, working conditions, and productivity.
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Influencing Factors: In determining the minimum wage, several factors are taken into consideration, including the average living costs, inflation rates, socio-economic conditions, and the demand for labor. These elements help shape a more comprehensive understanding of the wage landscape in Vietnam.
Here is a table showcasing the minimum wage levels across different regions in Vietnam as of January 2022:
| Region | Monthly Minimum Wage (VND) | Monthly Minimum Wage (USD) |
|---|---|---|
| Region I | 4.97 million | $217 |
| Region II | 4.69 million | $205 |
| Region III | 4.42 million | $193 |
| Region IV | 4.18 million | $182 |
In conclusion, the minimum wage in Vietnam differs based on the region and sector, with the aim of ensuring fair compensation for workers and accounting for varying economic conditions. Gandhi’s quote reminds us of the deep connection between wages and a nation’s culture, emphasizing the significance of just compensation in fostering a thriving society.
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What are the minimum wage rates in Vietnam?
Vietnam Minimum Wage 2022 Region 2022 monthly minimum wage Hike I VND 4,680,000 (US$202) VND 260,000 II VND 4,160,000 (US$179) VND 240,000 III VND 3,640,000 (US$157) VND 210,000
The minimum wage in Vietnam is set by the National Wage Council, which considers various economic and social factors. The minimum wage rate varies by region, and as of January 1, 2023, it ranges from VND 3,250,000 (approximately USD 139) to VND 4,680,000 (approximately USD 199) per month. The minimum wage in Vietnam is relatively low compared to many other countries, partly due to the impact of the Covid-19 pandemic.
The minimum wage rate is determined by the National Wage Council, which considers a range of factors, including inflation, economic growth, and the cost of living. As of January 1, 2023, the minimum wage in Vietnam ranges from VND 3,250,000 (approximately USD 139) to VND 4,680,000 (approximately USD 199) per month, depending on the region.
The minimum wage in Vietnam is currently set at 3.07 million Vietnamese dong, a relatively low rate of pay compared to many other countries. This is due in large part to the fact that the country has been hit hard by the Covid-19 pandemic, which has also caused many companies to raise their prices.
Answer to your inquiry in video form
This video discusses the average salary of workers in Vietnam, which is around 10 million Vietnamese dong per month. The speaker also mentions other costs of living, such as rental prices and daily meal costs, highlighting that the cost of living in Vietnam is relatively low compared to other countries. They emphasize that with an income of around 20 million dong per month, a person can have a good life in Ho Chi Minh City.
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| Region | Statutory minimum wages per month (Unit: VND/month) | Statutory minimum wages per hour (Unit: VND/hour) |
|---|---|---|
| Region I | 4.680.000 | 22.500 |
| Region II | 4.160.000 | 20.000 |
| Region III | 3.640.000 | 17.500 |
| Region IV | 3.250.000 | 15.600 |
May 15, 2023