A governmental decree issued on Sunday stated that the minimum monthly and hourly salaries of workers in businesses would be increased by 6%, per a proposal by the Ministry of Labor, Invalids and Social Affairs. The increase is deemed to be balanced between the interests of workers and businesses, and ensuring the minimum living standards in 2025.

Depending on different regions, the minimum monthly salary will increase to up to VND4.96 million, while the minimum hourly wage will increase by up to VND23,800.

This is the second time in the last four years where the minimum wage is increased at the beginning of July, the last time being in 2022 due to the impacts of the Covid-19 pandemic. Usually, over the past 10 years, the minimum regional wage would be increased at the beginning of the year.

Besides the minimum wage increase, starting from Monday, the basic salary for state workers will also increase by 30%, from VND1.8 million to VND2.34 million a month, while pension will increase by 15%.

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Vietnam’s number one volleyball player Tran Thi Thanh Thuy has parted ways with Japan’s PFU BlueCats to join Turkish club Kuzeyboru, where she will receive a salary of over $200,000 a season.

Hanoi's highest monthly salary tops $5,000

The highest salary paid out in Hanoi last year was VND125 million ($5,129), according to statistics from the Hanoi labor department.

Salary hiked for state workers

The base salary for state workers increases to VND1.8 million (US$76.32) from this month.

Vietnam set for 6% minimum wage hike next year

Vietnam is set to raise minimum wage in the business sector by 6% from July 2024, as agreed between labor and business representatives at a meeting Wednesday.

Regional minimum wage may increase in 2024

Members of the National Wage Council agreed to propose increasing the regional minimum wage in 2024 at the council’s first meeting in 2023 on August 9.

Source: VnExpress