Minimum regional wage to increase from 2016
Since January 1, 2016, monthly minimum wage for employees will surge from VND 2.4 million (US$114) to VND 3.5 million (US$166), according to Decree 122/2015/ND-CP on monthly minimum wage for employees.
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The beneficiaries include employees who work for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.
The minimum wage will be applied for four different regions in Việt Nam as follows Region I: VND 3.5 million (US$ 166); Region II: VND 3.1 million (US$ 147); Region III: VND 2.7 million (US$ 128) and Region IV: VND 2.4 million (US$114).
The fresh decree also stipulates that employers are not allowed to cut or abolish wages when their employees do extra jobs, night-shift and hard and harmful work.
Decree 122 replaces Decree 103/2014/ND-CP, dated November 11, 2014./.
source: Chinhphu.vn
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