The minimum wage in Vietnam varies by region and is set annually to reflect local economic conditions and the cost of living.
2024 Minimum Wage Rates
Region I
Monthly Wage: 4,680,000 VND
Hourly Wage: 22,500 VND
Region II
Monthly Wage: 4,160,000 VND
Hourly Wage: 20,000 VND
Region III
Monthly Wage: 3,640,000 VND
Hourly Wage: 17,500 VND
Region IV
Monthly Wage: 3,250,000 VND
Hourly Wage: 15,600 VND
The regional differentiation in minimum wage rates accounts for varying costs of living and economic conditions across different areas. This approach ensures that employees receive fair compensation that is aligned with their local economic environment.
For more detailed information on wage indicators and to stay updated with any changes, you can visit the Wage Indicator - Vietnam website.