Apr 15, 2012

Vietnam - Vietnam Govt raises minimum salary to 1.050m dong from May 1


Vietnamese government on April 12 issued Decree No 31/2012/ND-CP to raise the minimum salary by 220,000 dong/month from current 830,000 dong/month to 1.050 million dong per month.

The general minimum salary from May 1, 2012 will be applied on employees, officers, subjects serving the armed force and employees of state offices, political organizations, state agencies the state-controlled one member limited companies operating in line with Law on Business.

The general minimum salary will be used as a base to calculate salary frame, allowance, other benefits for officers, staff, employees of state agencies and enterprises.

The decree will take effect from June 1, 2012. But regulations of this decree will be calculated from May 1, 2012.

VietBiz24



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