Latest News: What is the minimum wage in Vietnam in 2016?

The proposed Minimum Wage Adjustment for 2016, the third since the establishment of the National Wage Council under the revised Labour Code of 2012, is about 12.4%. It will be submitted to the Government for discussion and approval at the next regular meeting, and go into effect on Jan 1, 2016. According to media reports, the proposed adjustment is twice the level of forecast 2016 GDP growth (6.2%), CPI inflation (1.8% in 2015 and 4% in 2016), and four times average annual productivity growth (3.3%). On the other hand, it is lower than increases in the past four years: 2012 (29%), 2013 (17.5%), 2014 (15%), 2015 (15.1%).
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What is the official minimum wage in Vietnam in 2015?

Vietnamese minimum wage is set up by region.

Region I: 3,100,000 VND ( 142 USD/month)
Urban Ha Noi
Urban Hai Phong
Urban Ho Chi Minh city
Dong Nai
Binh Duong
Vung Tau

Region II: 2,750,000 VND (126 USD/month)
Rural Ha Noi
Rural Hai Phong
Da Nang
Da Lat
Nha Trang
Hue
Rural Districts of Hung Yen Province
Rural Districts of Vinh Phuc Province

Region III: 2,400,000 VND ( 110 USD/month)
See list in Decree No. 182/2013/ND-CP

Region IV: 2,150,000 VND (98 USD/month)
See list in Decree No. 182/2013/ND-CP

Video: Vietnamese Minimum Wage in 2015

To have a better understanding of these numbers it is important to know the cost of living in Vietnam.
A Vietnamese coffee costs 8,000 VND (0.37 USD)
Hair cut is 40,000 VND (1.8 USD)
Bus ticket is 6,000 VND (0.25 USD)
Bowl of Pho 28,000 VND (1.3 USD)
Rent a room 1,500,000 VND (not shared) (69 USD)

Thai Son average salary is 5,300,000 VND (246.5 USD)/month. We pay above minimum wage because we have to in order to encourage workers to continue working in our factory.

Overtime is very important to Vietnamese workers. If a factory does not offer overtime then workers will quit and find a factory that does. Why, their goal is to make as much money as possible. This is contrary to what most westerners believe and gives you an insight to the workers values. The more work the better.

Schedule an appointment to speak with Chris!

Hi, I am the marketing manager for Thai Son S.P. I am an American and speak English, German, Spanish and Vietnamese. My role is to listen to your story, understand your needs and figure out if Thai Son S.P is the right factory for you. I have been working for Thai Son S.P since 2008 and know what they can and can not do. After we talk, I will arrange for you to meet our vice director, Ms. Sim who is the decision maker in our organization.

If we are not a good fit for you then I can help you find what you need in Vietnam.


Remember

Thai Son S.P Co., Ltd. produces men’s, women’s and children’s garments using circular knitted fabrics. We buy yarn and convert it into the fabric you need. Her team has experience producing both fashion and sports styles.


Please note:


1. We only do FOB orders. Not CMT.
2. Our minimum order quantity is 2,000 pieces per style.
3. Our payment terms include a downpayment.

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View map to our factory which is 35 minutes outside of Ho Chi Minh city.
FOB Merchandising Team in Vietnam
Contact Information
Email:
[email protected]
Mailing Address
Thai Son S.P Co., Ltd.
143/11H Ung Van Khiem
Ward 25, Binh Thanh District
Ho Chi Minh City, Vietnam
Zip Code: 700000
Tel. +84 903926973
Attn: Ms. Sim