On 30 June, 2024 the Government promulgated Decree No.74/2024/NĐ-CP prescribing statutory minimum wages paid to employees working under employment contracts.

Accordingly, the region-based statutory minimum wages per month and per hour paid to employees are provided for as follows:

- The list of region-I, region-II, region-III and region-IV subregions is provided in the Appendix enclosed herewith.

- Determination of a subregion as the basis for application of the statutory minimum wages shall be conducted based on the employer's place of operation. To be specific:

+ An employer located in a specific subregion shall apply the respective statutory minimum wage applied thereto.

+ In the event that an employer has its affiliates and/or branches located in different subregions to which different statutory minimum wages apply, such affiliates and/or branches must apply the respective minimum wages applied thereto.

+ If an employer is located in an industrial park or export processing zone located in the territory containing two or more subregions to which different statutory minimum wages apply, the highest statutory minimum wage shall apply.

+ If an employer is located in a subregion which is renamed or divided, the statutory minimum wage applied to that subregion before it is renamed or divided shall still apply until new regulations promulgated by the Government come into force.

+ If an employer is located in a subregion which is converted or established from a subregion or by consolidation of two or more subregions to which different statutory minimum wages apply, the highest statutory minimum wage shall apply.

+ If an employer is located in a provincial city which is established from one or more subregions in the region IV, the statutory minimum wage applied to the remaining provincial cities as prescribed in Clause 3 of the Appendix enclosed herewith shall apply.

This Decree comes into force from July 01, 2024. NĐ 74 - Luong toi thieu vung.pdf