Your comprehensive back-office solutions

  • English
  • Vietnam

VIETNAM REGIONAL MINIMUM SALARY AND BASIC WAGE APPLIED IN 2020

A. REGIONAL MINIMUM SALARY:

Decree 90/2019/ND-CP stipulates the regional minimum salary applied from January 1, 2020 as follows: Region I: VND 4,420,000 / month.

Thus, from January 1, 2020, the ceiling salary paid for Unemployment Insurance applicable to the regions will be: Region I: VND 88,400,000 / month.

B. ABOUT GENERAL MINIMUM WAGE (BASIC WAGE):

The National Assembly has passed Resolution 86/2019/QH14 on the 2020 budget estimate, accordingly, the basic wage will be adjusted from VND 1,490,000 / month to VND 1,600,000 / month from July 1, 2020.

Therefore, the ceiling salary paid for Social Insurance – Health Insurance and Trade Union Fund from July 1, 2020 will be VND 32,000,000 / month.