Govt approves regional minimum wage hike for 2020

Nov 20th at 13:37
20-11-2019 13:37:15+07:00

 

Govt approves regional minimum wage hike for 2020

The Government has issued a decree raising the minimum monthly wage for contract employees by VND150,000-240,000 depending on region, with effect from January 1 next year.

According to Decree 90/2019/ND-CP, the monthly minimum wage for employees in region one will be hiked from VND4.18 million to VND4.42 million, the local media reported.

Those working for businesses in region two will see a monthly minimum wage rise from VND3.71 million to VND3.92 million.

In addition, the minimum wage for laborers in region three will increase from VND3.25 million to VND3.43 million per month, and in region four, from VND2.92 million to VND3.07 million per month.

If laborers work in normal working conditions, have adequate working hours per month and complete their workload, their wages must not be lower than the regional minimum wages.

As for vocationally trained workers, employers must pay them at least 7% more than the minimum wage by region.

When raising minimum wages for their staff, employers are prohibited from removing or cutting allowances for workers who work overtime, at night or in a toxic environment. Other allowances, subsidies and bonuses must be maintained as stated in labor contracts, collective labor agreements and enterprises’ regulations.

saigontimes



NEWS SAME CATEGORY

Economic outlook for 2020 to be tabled for discussion in HCMC

Vietnam Business Outlook 2020 is scheduled to kick off in HCMC’s District 3 on November 22 to provide the business community with an overview of the local and...

Aviation industry seeks private investment amid explosive growth

The booming aviation sector in Viet Nam needs investment from the private sector to ensure that it has adequate airport infrastructure for continued expansion...

NA debates draft law on PPP

 Most National Assembly (NA) deputies agreed on the need for the draft Law on Public-Private Partnership to finalise a legal framework of this type of investment...

Most enterprises satisfied with tax administrative reform

Seventy-eight per cent of surveyed enterprises expressed satisfaction with tax administrative reforms this year, up 3 per cent compared to 2016.

Binh Duong surpassing FDI attraction targets

Foreign direct investment has contributed significantly to breakthroughs in socio-economic development for the southern province of Binh Duong, as it was revealed...

Industrial zones drive growth in Thai Nguyen province

Recent economic development figures from the northern province of Thai Nguyen attest that developing seamless infrastructure for local industrial zones to attract...

Becamex IDC industrial park plans gather pace

Becamex IDC Corporation, the leading group in the southern province of Binh Duong, is continuing its work towards establishing both a science and hi-tech industrial...

Prepared and ready for business in Binh Duong

The HORASIS Asia Meeting 2019 will take place later this month in the southern province of Binh Duong. VIR’s Bich Ngoc talked with Frank-Jürgen Richter, chairman of...

Law on Enterprises needs greater reforms

Viet Nam must continue to improve on its Law on Enterprises, experts and researchers said at a law conference in Ha Noi on Monday.

Startup innovation expected to drive growth in Ben Tre

Ben Tre Province is largely defined by its coconut cultivation industry, allowing farmers to escape poverty but not necessarily thrive, yet there is significant...


MOST READ


Back To Top