On November 14, 2016, the Government issued the Decree No. 153/2016/ND-CP dated November 14, 2016 of the Government providing on regional minimum wage rates applied to employees working under an employment contract, takes effect on January 01, 2017.
Accordingly, the regional minimum wage rate applied to employees working for enterprises is VND 3,750,000/ month in the regional minimum wage rate applied to enterprises operating within unit sub-regions of region I; VND 3,320,000/ month in the regional minimum wage rate applied to enterprises operating within sub-regions of region II; VND 2,900,000/ month in the regional minimum wage rate applied to enterprises operating within sub-regions of region III and VND 2,580,000/ month in the regional minimum wage rate applied to enterprises operating within sub-regions of region IV. While in previous regulation, the regional minimum wages applied to enterprises operating within sub-regions of region I, region II, region II, region II are in turn VND 3,500,000/month; 3,100,000/month; VND 2,700,000/month; and VND 2,400,000/month.
Regional minimum wage rates are the lowest rates used as the basis for any arrangement between enterprises and employees on salary and salary payment in which the wage rate paid employees who work under normal working conditions, meet monthly working hour standards, and fully discharge their obligations for predetermined labor productivity norms or agreed work duties, not less than regional minimum wage rates paid unskilled laborers who perform simplest tasks; greater than at least 7% against the regional minimum wage rates paid skilled laborers who have completed vocational training courses.
This Decree replaces the Decree No. 122/2015/ND-CP dated November 14, 2015.
