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blue-check Some notes in relation to increase in minimum wages from July 1st, 2022

Official letter No. 516/LDLD-CSPL dated June 17th, 2022 of Ho Chi Minh City Federation of Labor regarding guidelines for and supervision of adjustments to minimum wage levels in 2022
Posted: 21/6/2022 9:06:54 AM | Latest updated: 25/6/2022 10:06:36 AM (GMT+7) | LuatVietnam: 5479 | Vietlaw: 565
VietlawOnline

This Official letter instructs enterprises in Ho Chi Minh City to make adjustments to minimum wages paid to employees from July 1st, 2022 under Decree No. 38/2022/ND-CP .

Accordingly, the minimum monthly wage levels applicable from July 1st, 2022 are VND 4,680,000/month (Region I); 4,160,000/ month (Region II); 3,640,000/ month (Region III); 3,250,000/ month (Region IV).

In case wages are paid on a hourly basis, the minimum wage levels applicable from July 1st, 2022 shall be as follows: VND 22,500/hour (Region I); VND 20,000/hour (Region II); VND 17,500/hour (Region III) and 15,600/hour (Region IV).

Notably, when increasing minimum wages for employees, enterprises are not allowed to cut or reduce other regimes under regulations of laws. With regard to allowances, subsidies, bonuses defined by enterprises, they shall be implemented as agreed in labor contracts, labor agreements or internal regulations.

After reaching agreements on adjustments to minimum wages with trade unions, enterprises must publicly disclose and, together with employees, adjust wages in the labor contracts to be suitable.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 565

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Lương tối thiểu 2022Cập nhật đến: 11-Jul-2022

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