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Decree 73 increases the Minimum Basic & Monthly Wages in Vietnam
VIETNAM INSIGHT

Decree 73 increases the Minimum Basic & Monthly Wages in Vietnam

The Vietnamese Government has recently issued Decree 73 formally approving increases to the Minimum Basic Wage and Minimum Monthly Wage, effective from 1 July 2024. This article examines the impacts of these increases to help employers and employees under

Increases to Minimum Monthly Wages from July 2022
VIETNAM INSIGHT

Increases to Minimum Monthly Wages from July 2022

Responding to the expectations of employees during the past two years, on 12th June, 2022 the Vietnamese Government issued Decree 38/2022/ND-CP with many notable changes related to the Minimum Monthly Wages in the coming time.

Proposed increases to Minimum Monthly Wages by 6% from 1 July 2022
VIETNAM INSIGHT

Proposed increases to Minimum Monthly Wages by 6% from 1 July 2022

On 12 April 2022, Vietnam’s National Wage Council finalised their proposal to increase Minimum Monthly Wage for employees in Vietnam at an average of 6% across the 4 regions, effective from 1 July 2022. This increase is subject to the Prime Minister’s fin

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