Proposal to increase regional minimum wage in 2025 in early March

Vice President of the Vietnam General Confederation of Labor Ngo Duy Hieu said that, as usual, this agency will propose an increase in the regional minimum wage in March every year, after assessing the overall socio-economic situation. However, this year, all agencies are focusing on restructuring the apparatus.

Therefore, it is expected that by the end of February or early March, after the agencies have completed the merger, the General Confederation will officially propose the regional minimum wage.

Mr. Ngo Duy Hieu added that the Vietnam General Confederation of Labor has conducted an initial survey on job demand, labor market, and commodity prices.

Previously, in August 2024, the Ministry of Labor, War Invalids and Social Affairs decided to conduct a large-scale investigation of the labor and wage situation in enterprises in 2024 in 3,400 enterprises in 18 provinces and centrally-run cities, representing 8 economic regions of the country, with a large number of enterprises and a developed labor market. This investigation aims to collect information on the production, business, labor and wage situation in enterprises. From there, it will provide a basis for adjusting the minimum wage in 2025 according to the activities of the National Wage Council.

Most recently, from July 1, 2024, the Government has adjusted the monthly minimum wage increase by 6%, with the following levels: Region I is 4.96 million VND, Region II is 4.41 million VND, Region III is 3.86 million VND, Region IV is 3.45 million VND. The minimum wage increase for this region was "finalized" after 2 negotiation sessions between representatives of employers and representatives of employees.

The National Wage Council has agreed and proposed to increase the regional minimum wage from July 1, 2024 by 6%.