minimum wage

Update news minimum wage

Minimum wage may rise 12%

 VietNamNet Bridge – A 12 per cent increase in next year's national minimum wage would be "reasonable," a high-ranking congressman said yesterday, August 25.

Proposed wage increase worries businesses

VietNamNet Bridge - Businesses say that a proposed minimum wage of 16 percent in 2016 will cause them to go bankrupt, and local products would not have export markets if workers are laid off.

Labour confederation submits pay rise increases

 VietNamNet Bridge – Vietnam General Confederation of Labour has put forward three proposals for minimum salary hikes for the nation's wage zones in 2016.

More than 10 percent minimum wage increase could lead to massive bankruptcies: VCCI

The Vietnam Chamber of Commerce and Industry (VCCI) has said that if the minimum regional wage increases by more than 10 percent, an increasing number of businesses will dissolve. 

Members of wage council at odds over minimum wage hike

 VietNamNet Bridge – Members of the National Wage Council at a meeting in Hanoi on August 5 did not agree on a new regional minimum wage rise next year.

Council fails to agree on wages

 VietNamNet Bridge – An increase in the regional minimum wage in 2016 has not yet been finalised because of differences over the margin of increase of the wage.

State-owned conglomerates disclose information about chairs’ salaries

VietNamNet Bridge - Some state-owned economic groups and general corporations have publicised their business performances, including managers’ incomes. 

Arguments continue over minimum wage and basic needs

VietNamNet Bridge - Government agencies cannot agree on a minimum wage, and continue to argue about whether the current minimum wage can cover the basic needs of workers.

Minimum wage to rise next year

 VietNamNet Bridge – Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry, spoke to Thoi Bao Kinh Te (Vietnam Economic Times) about plans to increase the minimum wage in 2016.

Agencies still unable to solve minimum-wage issue

VietNamNet Bridge - Every year, the Ministry of Labor, War Invalids and Social Affairs (MOLISA) and relevant agencies discuss the minimum wage increase, but both businesses and workers have not seen benefits.

Minimum wage to go up 17 percent

 VietNamNet Bridge – The Viet Nam General Confederation of Labour (VGLC) has submitted plans to increase the minimum wage by 16-17 per cent in 2016 to the National Salary Council.

Minimum wages likely to grow 10% next year

 VietNamNet Bridge – The average minimum wage by region is projected to rise by just over 10% in 2016 thanks to projections of low inflation and lingering challenges for enterprises,

US fast food worker protests expand to 190 cities

 US fast food worker protests expanded to 190 cities on Thursday as the movement to raise the minimum wage in the US to $15 (£9.57) an hour reached a two-year anniversary.

Minimum wage to increase from January, 2015

 VietNamNet Bridge – Monthly minimum wages will increase to between VND2.15 and VND3.1 million for every employee nationwide from January 1, 2015, according to latest Government Decree.

The “ripple effect” of the new minimum-wage increase

 VietNamNet Bridge – Production costs are expected to increase sharply after the National Wage Council approved a plan to increase the regional minimum wage by 15.1 percent next year.

Experts discuss minimum wage increase

VietNamNet Bridge – The region-based minimum wage in Viet Nam would increase by 15.1 per cent starting next year under a proposal that the National Wage Council recently submitted to the Government.

BUSINESS IN BRIEF 21/8

 Mekong Delta farmers encouraged to grow GM maize; Tra fish distribution centre shaping at Belgian harbor; HCM City urges Dong Nai to build airport; Petrolimex bemoans low rate of return at 4.6%

Minimum wage to be inflation-adjusted

VietNamNet Bridge – The minimum salary by region will be revised based on the country’s consumer price index from 2018 as planned,

New minimum wage raises insurance and production costs, businesses complain

VietNamNet Bridge – This year’s minimum-wage hike has met opposition from many in the business community.

Minimum wage to increase to $150/month

 VietNamNet Bridge – The National Wages Council is about to submit to Prime Minister Nguyen Tan Dung a plan on minimum salary increase to begin next year.