Vietnam Wage update

Vietnam Confirms 7.2% Regional Minimum Wage Hike Effective January 1, 2026

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The Vietnamese government has officially approved a new decree mandating an average 7.2% increase in the regional minimum wage for employees working under labor contracts, effective January 1, 2026. This decision, formalized under Decree No. 293/2025/ND-CP, marks a significant adjustment aimed at balancing economic recovery, mitigating inflation, and ensuring a stable living standard for workers…

Finding a Payroll Agency: When is the Golden Time to Optimize Salary Management in Vietnam?

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Effective salary management is not only a key factor in attracting and retaining talent but also ensures legal compliance, optimizes costs, and enhances competitive advantage. However, many businesses, especially SMEs or those lacking expertise in labor law, often encounter numerous difficulties in building and operating their compensation systems. So, when is the right time to…