Prime Minister Pham Minh Chinh has asked the Ministry of Labor, Invalids and Social Affairs to study increasing the minimum wage for workers.

The minimum wage has been adjusted eight times since 2014, with the latest increase of 6 per cent being in July, 2022.

The current minimum monthly wage is VND4.68 million ($195) for Region I, VND4.16 million ($173) for Region II, VND3.64 million ($151) for Region III, and VND3.25 million ($135) for Region IV.

However, a survey carried out by the Vietnam General Confederation of Labor in the second quarter of 2023 revealed that the incomes of 75.5 per cent of surveyed workers do not meet spending demand. The survey was conducted on 3,000 workers and 157 businesses in six cities and provinces.

In August, the National Wage Council held its first meeting to discuss adjustments to the regional minimum wage in 2024.