Decree No. 293/2025/NĐ-CP: Update on Regional Minimum Wages for 2026

On November 10, 2025, the Government issued Decree No. 293/2025/NĐ-CP stipulating the monthly minimum wage and hourly minimum wage for employees working under labor contracts. This Decree replaces Decree No. 74/2024/NĐ-CP and takes effect from January 1, 2026. Below are the key updates that businesses should note. 1. Regional Minimum Wages for 2026 (Average Increase…