Vietnam's Minimum Wage IncreaseMay 2012
Starting May 1, 2012 the new minimum wage in Vietnam is VND 1,050, 000, about & 50, compared to the previous minimum wage of VND 830,000.
Vietnam's Foreign Currency FinesOctober 2011
The Vietnamese government issued a decree on October 20 raising dramatically fines on quoting prices in foreign currency or gold instead of quoting in the local currency VND, Vietnam dong.
The penalty would range between VND 300 million to VND 500 million, about $14,000 to $ 24,000.
Businesses paying in foreign currency or gold can also have their business license revoked.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.