Decree No. 167/2007/ND-CP providing area minimum wage rates for employees working for [Vietnamese] companies, enterprises, co-operatives, co-operative groups, farms, family households, individuals and other Vietnamese organizations..

THE GOVERNMENT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ----------
No. 167/2007/ND-CP	Hanoi, November 16, 2007

DECREE

PROVIDING AREA MINIMUM WAGE RATES FOR EMPLOYEES WORKING FOR [VIETNAMESE] COMPANIES, ENTERPRISES, CO-OPERATIVES, CO-OPERATIVE GROUPS, FARMS, FAMILY HOUSEHOLDS, INDIVIDUALS AND OTHER VIETNAMESE ORGANIZATIONS WHICH HIRE EMPLOYEES

THE GOVERNMENT

Pursuant to the Law on Organization of the Government dated 25 December 2001;

Pursuant to the Labour Code dated 23 June 1994, the Law on Amendment of the Labour Code dated 2 April 2002, and the Law on Amendment of the Labour Code dated 29 June 2006;

Pursuant to Resolution 56-2006-NQ-QH11 of Legislature 11 of the National Assembly dated 29 June 2006 on the socio-economic developmental master plan for the five year period 2006 - 2010;

Having considered the proposal of the Minister of Labour, War Invalids and Social Affairs;

DECREES:

Article 1

The area minimum wage rate is hereby regulated and shall apply to the following:

1. Companies established and which organize their management and operate pursuant to the Law on State Owned Enterprises.

2. One member limited liability companies in which the State owns 100% charter capital and which organize their management and operate pursuant to the Law on Enterprises.

3. Enterprises established and which organize their management and operate pursuant to the Law on Enterprises (excluding enterprises with foreign owned capital).

4. Co-operatives, federations of co-operatives, co-operative groups, farms, family households, individuals and other Vietnamese organizations which hire employees. All the companies, enterprises, organizations and individuals stipulated in clauses 1 to 4 inclusive of this article are hereinafter collectively referred to as enterprises.

Article 2

The area minimum wage rate to be used to pay employees doing the most basic work in normal working conditions at the enterprises stipulated in article 1 of this Decree as from 1 January 2008 shall be as follows:

1. Six hundred and twenty thousand (620,000) Vietnamese Dong per month, applicable to enterprises operating in inner city districts of Hanoi and Ho Chi Minh City.