Library

Selection of the minimum wage level

One-member limited liability Company owned by the State is permitted to apply the minimum wage level which is higher than the general minimum wage.

However, in order to apply those provisions, enterprise must satisfy the following conditions: Pay according to the state budget; profit for the year shall not be less than last year; increase the average wage to low than average labor productivity growth.

Contents are regulated by the Ministry of Labor, War Invalids and Social Affairs in Official 4524/LDTBXH-LDTL on December 4th 2012.

Thus, if they meet with the conditions then the current state enterprises make profits may consider appropriate salary to further improve the salaries, remuneration and bonus for planning salary and pay employees.

Official takes effect from the date of signing.

 

Tuan Nguyen

Recent Posts

Australia Anti-Dumping Investigation on Vietnamese Galvanized Steel: 7 Business Signals for Exporters

Quick Reference The Australia anti-dumping investigation on Vietnamese galvanized steel was formally initiated on April…

1 day ago

Does Decree 96/2026 Impact Existing FDI Projects in Vietnam? When To Review Your IRC or ERC

When Vietnam issues a new decree on investment, the most common question managers ask is…

2 weeks ago

Arbitration in Vietnam: 7 Realities Foreign Companies Must Get Right

Foreign companies doing business in Vietnam increasingly use arbitration to resolve commercial disputes outside the…

3 weeks ago

4 Legal Problems with Digital Products in an MLM Model in Vietnam

Many businesses today do sell only products. They may also include digital content, app access,…

1 month ago

7 Risk Signs in an MLM Model in Vietnam That Businesses Should Review

For a long time, many businesses have thought that the main legal challenge in multi…

1 month ago

What Decree 137/2026 on Multi Level Marketing Regulation in Vietnam Means for MLM Businesses

Vietnam has issued Decree 137/2026 on multi level marketing, effective from July 1, 2026. This…

1 month ago

This website uses cookies.