Categories: LabourUpdate

Labour law: increasing the minimum area salary 2014

In Vietnam, the minimum salary has been used by employer to determine the minimum level to be paid to unskilled workers working in a normal conditions in different parts of the country.  The minimum level has recently been criticized not reflecting the increase of Vietnam’s inflation over the years as such not sufficient for the workers to maintain a normal daily expenses.  The adjustment has been expected long since the last minimum salary increase and only been legalized after the assembly meeting recently.

Decree 182/2013/NĐ-CP has been issued and taking effect on Dec 31st, 2013 which regulates the minimum area salary for employees working at enterprises, cooperatives, cooperation groups, farms, households, individuals and other organizations employing workers.  This decree will replace Decree 103/2012/ND-CP.

Accordingly, the minimum area salary in 2014 increases about 14% compared with 2013, and valid as of Jan 1st, 2014.  This new law will result in higher variable cost of enterprises operating in labour intensive industries i.e. manufacturing, agriculture.  For more information or legal advice, please contact ANT Lawyers, your employment lawyers in Vietnam.

ANT Lawyers

Recent Posts

Decree No. 147/2024/NĐ-CP: A Comprehensive Framework for Internet and Information Management in Vietnam

With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…

1 week ago

The Employment in Vietnam Guide: 12 Key Legal Answers for Foreign Companies Entering the Market

Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…

4 weeks ago

13 Critical Steps To Respond to Thailand’s Tough Anti-Dumping Investigation on Cold Rolled Stainless Steel

On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…

1 month ago

13 Essential Facts You Must Know About Setting Up a Vietnam Representative Office to Test the Market

Introduction For foreign businesses eyeing the fast-growing Vietnamese market, setting up a Vietnam Representative Office…

2 months ago

Anti-Dumping Investigation on Wood Fiber Boards from Thailand and China (AD21)

On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…

2 months ago

Kick-Off Event of the 2024 International Mediation Writing Competition in Vietnam

The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…

2 months ago