Getting Ready for Next Level of Competitiveness for Vietnam’s Manufacturing Industry
Vietnam’s National Wage Council has decided upon a modest 7.3 percent average increase in monthly minimum wages across the country for 2017. This decision is considered as a compromise between the employers’ proposed increase of 5 percent and that of workers which pushed for an 11 percent increase. The decision also seems to be in response to competition from fellow manufacturing powerhouses in the region and hence primarily an effort to maintain its attractiveness to foreign investors and businesses (according to Vietnam Briefing).
More information at: http://www.vietnammanufacturingexpo.com