(Hanoi, 16th) – The Vietnamese government has announced that the National Wage Council will submit a proposal recommending an average increase of 7.8% in the minimum wage across the country’s four regions starting from 2027, in order to further improve workers’ incomes and drive economic growth.
According to a statement released by the Vietnamese government on Thursday, if the proposal is approved, the adjusted minimum monthly salary will range from 4.04 million to 5.7 million Vietnamese dong depending on the region.
The minimum wage will continue to serve as the basic standard for employers and employees with labor contracts to negotiate wages.
Vietnam, as an important manufacturing hub in the region, attracts a large number of foreign-funded enterprises thanks to its relatively low labor costs. In January this year, the authorities had just raised the nationwide minimum wage level.
Nguyen Vi Hieu, vice chairman of the Vietnam General Confederation of Labor, stated that this wage adjustment will not only further ensure workers' living standards, but also promote enterprise production and support the government’s goal of achieving double-digit economic growth.
The minimum wage will continue to serve as the basic standard for employers and employees with labor contracts to negotiate wages.
Vietnam, as an important manufacturing hub in the region, attracts a large number of foreign-funded enterprises thanks to its relatively low labor costs. In January this year, the authorities had just raised the nationwide minimum wage level.
Nguyen Vi Hieu, vice chairman of the Vietnam General Confederation of Labor, stated that this wage adjustment will not only further ensure workers' living standards, but also promote enterprise production and support the government’s goal of achieving double-digit economic growth.