The new regulation, coded 38/2022/ND-CP will come into effect on July 1.

The 6 percent increase is equivalent to a rise of 260,000 VND (11.20 USD) in Region 1, and 240,000 VND, 210,000 VND, and 180,000 VND in Regions 2, 3, and 4, respectively.

Regional minimum wage to increase starting in July.

The document also specifies that the minimum hourly wage will range from 15,600 to 22,500 VND (0.70-1 USD), which also depends on the region.

The geographical classification is determined based on the employer’s place of operation.

Region 1 covers Hanoi and Ho Chi Minh City's urban areas; Region 2 encompasses Hanoi and HCM City's rural areas, along with major urban areas in the country like Can Tho, Da Nang and Hai Phong; Region 3 covers provincial cities and the districts of Bac Ninh, Bac Giang and Hai Duong provinces; and Region 4 comprises the rest of the country.

The change is applicable to workers and employers under labour contracts in accordance with the Labour Code.

The resolution also defines minimum wage as the lowest amount that can be paid to an employee, which is the basis for negotiation and compensation, in the form of a monthly salary. This amount corresponds to the workload and job title in designated work hours, given that the employee fulfils their tasks as assigned.

For workers who are paid on a daily or weekly basis, or based on a piece rate, then their salary, when converted to the monthly or hourly rate, must not be lower than the minimum wage.

Loans offered to 68 business owners to pay for salary in production recovery and severance

(BGO) - The Bac Giang branch of Social Policy Bank has disbursed over 4.8 billion VND (210,986 USD) as the loan for four businesses to pay for salary in production recovery and severance to 1,049 labours in line with the Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic.

212 billion VND loan for salary in production recovery and severance

(BGO) – Implementing Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic, so far the Bac Giang branch of Social Policy Bank has disbursed nearly 212 billion VND (9.3 million USD) as the loan for 64 businesses.

Nearly 93 billion VND disbursed to pay for salary in suspension period and production recovery

(BGO) – Following Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employer and employee in difficulties due to Covid-19 pandemic, the Bac Giang provincial branch of Social Policy Bank has to date disbursed nearly 93 billion VND (4 million USD) to 54 companies under bank loan.

19 billion VND disbursed for workers’ salary to support production recovery

(BGO) – Bac Giang branch of the Social Policy Bank (SPB) on July 27 held a ceremony to ink the loan credit contract to pay for labours’ salary during business suspension time and production recovery in line with the Government’s Resolution No.68/NQ-CP on July 1, 2021 and PM’s Decision No.23/2021/QD-TTg on July 7, 2021 that regulated about the implementation of several policies to assist employers and employees affected by Covid-19 pandemic.

$23,000 salary sought for foreign experts training HCMC metro engineers

Foreign experts who will train engineers for HCMC's first metro line are likely to be paid up to 2.5 million yen ($23,400) a month.

Source: NDO/VNA