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The minimum wage will be applied for four different regions in Việt Nam as follows Region I: VND 2.7 million (US$ 128); Region II: VND 2.4 million (US4 114); Region III: VND 2.1 million (US$ 100) and Region IV: VND 1.9 million (US$ 90).
The new salary benchmarks will pick up around VND 250,000 – 350,000 (US$11-16).
Employees of local enterprises, foreign agencies, organizations and foreigners will benefit from the monthly wage increase.
The Decree also encourages enterprises to pay their employees higher than the region-based minimum wages.
The new Decree will take effect on December 31, 2013./.
By Kim Loan