Regional minimum wage to rise 12.4 percent next year
The regional minimum wage in 2016 will be raised by 12.4 percent as approved at the third meeting of the National Salary Council on September 3.
The increase level for Region 1 is 400,000 VND (17.8 USD) while the respective figures for Region 2, 3 and 4 are 350,000 VND (15.6 USD), 300,000 VND (13.3 USD), and 250,000 VND (11.1 USD). The expected minimum wages will be 3.5 million VND (155.6 USD), 3.1 million VND (136.4 USD), 2.7 million VND (118.8 USD), and 2.4 million VND (105.6 USD), respectively.
Region 1 covers urban Hanoi and HCM City; Region 2 covers rural Hanoi and HCM City along with urban Can Tho, Da Nang and Hai Phong cities; Region 3 applies to provincial cities and the districts of Bac Ninh, Bac Giang, Hai Duong, and Vinh Phuc provinces; and Region 4 encompasses the remaining localities
(Source: VNA)