Vietnam  Minimum Wage, Labor Law, and Employment Data Sheet Vietnam Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$1,002.00 USD
Rank by Min. Wage
100 / 197
Gross National Product
$21,929.00 USD

Vietnam has a government-mandated minimum wage, and no worker in Vietnam can be paid less then this mandatory minimum rate of pay. Employers in Vietnam who fail to pay the Minimum Wage may be subject to punishment by Vietnam's government.

What is the Vietnam Minimum Wage?

Vietnam's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

Vietnam's official monthly minimum wage varies by region. (Region I: VND 3,500,000 per month; Region II: VND 3,100,000 per month; Region III: VND 2,700,000 per month and Region IV: VND 2,400,000 per month) Vietnam's minimum wage was last changed in 1-Jan-2016.

How does Vietnam's minimum wage compare to the minimum wage in other countries?

Vietnam's yearly minimum wage is $1,002.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 100 countries with a higher Minimum Wage then Vietnam, and Vietnam is in the bottom percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Vietnam

Vietnam is a country located in the Southeast Asia region with a population of 79,832,000 and an average life span of 69.3 years.

Local Name Viêt Nam
Gross National Product $21,929.00
Government Type Socialistic Republic
Current Leader Trân Duc Luong
Independence Year 1945
Continent & Region Asia, Southeast Asia
Surface Area 331,689 square kilometers
ISO 3166 Country Code VN

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