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The lowest hourly, daily, or monthly wage that employers are legally required to pay their workers.
Doanh nghiệp phải trả lương tối thiểu theo quy định của nhà nước.
Businesses must pay the minimum wage as stipulated by the government.
Lương tối thiểu vùng 1 năm 2024 là 4,68 triệu đồng.
The minimum wage for Region 1 in 2024 is 4.68 million VND.
In Vietnam, the minimum wage is divided into regions (vùng) based on economic development levels. It is adjusted annually by the government.
Vietnam's minimum wage is divided into four regions, with Region 1 (urban areas like Hanoi and Ho Chi Minh City) having the highest rates. Always check the latest regional rates when calculating labor costs.
Employers must pay at least the minimum wage for the region where the employee works. Failure to comply can result in fines or legal action.
The term 'lương' comes from Chinese '俸' (fèng) meaning 'salary' or 'wage'. 'Tối thiểu' is from Chinese '最低' (zuìdī) meaning 'minimum'. The phrase combines these to form a legal-economic term.
The minimum wage in Vietnam is set by the Ministry of Labour, Invalids and Social Affairs and applies to all enterprises, regardless of ownership type. It is a critical labor policy tool to protect workers' rights and ensure fair compensation.