According to Decree No. 157/2018/ND - CP, effective since Jan 1, 2019, the region-based minimum wage is increased by 5.3% (compare with Decree No.143/2017/ND-CP)., details as following:
| Region |
2018 |
2019 |
Rate |
| Region 1 |
3,980,000 VND |
4,180,000 VND |
5.0% (200.000 VND up) |
| Region 2 |
3,530,000 VND |
3,710,000 VND |
5.1% (180.000 VND up) |
| Region 3 |
3,090,000 VND |
3,250,000 VND |
5.2% (160.000 VND up) |
| Region 4 |
2,760,000 VND |
2,920,000 VND |
5.8% (160.000 VND up) |
As a result of this salary increase, the enterprises need:
- Revising the current basic salary
- Revising salary scale
- Revising the salary for contribution to compulsory insurance.