Vietnam Minimum Wage 2020, Factory And Manufacturing Average Salaries In Vietnam 2020 The Complete Guide

Depending on the region the wages will increase by vnd160000 230000 7 10 a month.

Federal legalization of marijuana reddit. Vietnam increased its minimum wage by an average of 57 percent in 2020the government issued decree no 902019ndcp which took effect from january 1 2020. Minimum wages in vietnam with effect from 01 01 2019 to. In this article you will read more about the payroll update with regard to minimum wage in vietnam in 2020.

Vietnam has a government mandated minimum wage and no worker in vietnam can be paid less then this mandatory minimum rate of pay. Vietnam minimum wage rate 2020 appx. This page provides vietnam minimum wages actual values historical data forecast chart.

Businesses should prepare and incorporate the increase in their budgets for the next year. 902019ndcp announcing that in 2020 the monthly minimum wage in vietnam will increase by approximately 57. Vietnam has set four different minimum wage levels for four different regions to reflect each areas cost of living.

This new payroll regulation in vietnam will become effective on january 1 2020. The government in vietnam released decree no. Region i 442000000 region ii 392000000 region iii 343000000 and region iv 307000000.

Minimum wages in vietnam increased to 4420 vnd thousandmonth in 2020 from 4180 vnd thousandmonth in 2019. The vietnam chamber of commerce and industry vcci which represents employers had suggested that the minimum wage should be hiked by 4 percent. And now the minimum wages are set to rise by approximately 57 as from january 2020 as shown below.

Minimum wage in viet nam has been rising for the last three years with year on year increases of 73 per cent 65 per cent and 53 per cent in 2017 2018 and 2019 respectively. Employers in vietnam who fail to pay the minimum wage may be subject to. Vietnam will increase minimum wages by approximately 57 percent from january 1 2020.

In 2020 the national wage council had increased the monthly minimum wage in vietnam reaching 442 million vietnamese dong for region i. Vietnam will increase the minimum wage by an average of 57 percent in 2020. Minimum wages in vietnam averaged 269769 vnd thousandmonth from 2008 until 2020 reaching an all time high of 4420 vnd thousandmonth in 2020 and a record low of 1000 vnd thousandmonth in 2008.

Minimum wage with effect from 1119 till 123119. In 2019 all parties agreed to increase the minimum wages by an average of 53 from the previous years values.