Minimum wage to be inflation-adjusted Thanh Thuong By Thanh Thuong - The Saigon Times Daily HCMC – The minimum salary by region will be revised based on the country’s consumer price index (CPI) from 2018 as planned, Deputy Minister of Labor, War Invalids and Social … [Read more...] about Minimum wage to be inflation-adjusted
How much is minimum wage
The regional minimum wages in Vietnam will increase by 12.4 percent from the current rates on average as of January 1, 2016, the government rules in a newly issued decree. The new wage rates will be VND250,000-400,000 (US$11.1-17.8) per month higher than the current ones, … [Read more...] about Vietnam’s regional minimum wages to rise 12.4% next year
Vietnam’s current minimum wage system came into existence just over a decade ago. A massive strikewave beginning at the end of 2005 began to protest the minimum wage in foreign-invested factories, which, despite inflation, had been frozen for 7 years. In response, the … [Read more...] about Is Vietnam’s minimum wage structure sustainable?
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. The minimum wage varies between four regions. Under the proposal, it would range from VND2.2 million … [Read more...] about Experts discuss minimum wage increase
The National Wage Council is likely to directly advise on next year's minimum wage adjustments, MOLISA Deputy Minister and Council Head Pham Minh Huan told Tin tuc (News) newspaper. What is the mechanism for the adjustment of minimum wage in 2014? The previous minimum wage … [Read more...] about Minimum wage increase enhances living standards for key workers