Regional monthly minimum wage for labourers working under contracts in Vietnam will range from 2.92 million VND (125 USD) to 4.18 million VND (180 USD) in 2019 (Photo: VNA) Hanoi (VNA) – Regional monthly minimum wage applied to labourers working under contracts in Vietnam will range from 2.92 million VND (125 USD) to 4.18 million VND (180 USD), depending on each region, as from January 2019. The Government has issued Decree 157/2018/ND-CP regulating the regional monthly minimum wage for those working in businesses. As of January 1 next year, regional minimum wage levels will be increased as follows: Region 1 – 4.18 million VND (180 USD), Region 2 – 3.71 million VND (160 USD), Region 3 – 3.25 million USD (140 USD) and Region 4 – 2.92 million USD (125 USD). These numbers mark an increase of 160,000-200,000 VND (6.8-8.5 USD) compared with 2018. Region 1 covers the rural and urban districts of Hanoi, HCM City, Hai Phong, Bien Hoa, Thu Dau Mot, Vung Tau … [Read more...] about Regional monthly minimum wage to rise in January 2019
Minimum wage increase
Vietnam to up minimum wage by 5.3 pct in 2019
Overall, the average increase across all regions will be 5.3 percent. Starting January 1, the minimum wage will increase to VND4.18 million ($179.25) in region one, VND3.71 million ($159.09) in region 2, VND3.25 million ($139.38) in region 3, and VND2.92 million ($125.23) in region 4, according to a decree recently issued. The four different minimum wage regions are supposed to reflect the cost of living in each area. Region 1, including Hanoi and Ho Chi Minh City, has the highest minimum wage, while region 4, rural areas, has the lowest. Businesses use the minimum wage to calculate salaries for their workers by multiplying the base level by a coefficient assigned to each worker based on their skills and experience. Some representatives of businesses have said that the minimum wage increase will affect business results of companies, especially small and medium ones. According to a survey released by employment website Jobstreet.com late last year, salaries in Vietnam are rising faster … [Read more...] about Vietnam to up minimum wage by 5.3 pct in 2019
Monthly minimum wage to rise in July
Monthly minimum wage will increase from July next year following the National Assembly’s resolution. — Photo laodong.vn Viet Nam News HÀ NỘI — Monthly minimum wage will increase from VNĐ1.39 million (US$60) to VNĐ1.49 million ($65) at the beginning of July next year, according to the National Assembly’s Resolution 70/2018/QH14. In the Resolution, the National Assembly (NA) also asked the Government to adjust pensions, social insurance allowances and monthly allowances according to regulations. Preferential allowances for people with meritorious service to the country through years of struggle for national liberation and independence will be increased based on the new minimum wage from July 1 next year. Under the resolution, from July 1 next year, regional minimum wage levels applicable to labourers working under contracts will be increased as follows: Region 1 – VNĐ4.18 million ($180), Region 2 – VNĐ3.71 … [Read more...] about Monthly minimum wage to rise in July
Higher minimum wage to be effective from July next year
Higher minimum wage to be effective from July next yearThe Saigon Times Daily An undefined person is counting banknotes in the file photo. The basic salary for public employees and public officials will increase from the current VND1.39 million to VND1.49 million, starting from July 1 next year - PHOTO: THANH HOA HCMC – The base salary for public employees and public officials will increase by 7%, from the current VND1.39 million to VND1.49 million per month, starting from July 1 next year, news website Dan Tri reported. Minister of Finance Dinh Tien Dung announced the wage hike at the National Assembly’s Standing Committee session, held on October 16, as part of plans to allocate Central State budget estimates for 2019. The new base salary will be valid for public officials, public employees working in agencies and for civil service providers with the Vietnam Communist Party or the Government, state-funded sociopolitical organizations and the armed forces. The … [Read more...] about Higher minimum wage to be effective from July next year
Cambodia to raise minimum wage for garment workers by $12
By AFP  October 6, 2018 | 11:09 am GMT+7 Cambodia's Prime Minister Hun Sen is mobbed by garment workers during a visit to a garment factory in Phnom Penh. Photo by AFP Cambodia hiked the monthly minimum wage for garment workers by $12 Friday from the current $170 following a election promise by premier Hun Sen. The country's $7 billion apparel industry is fuelled by more than 740,000 garment workers, who strongman Hun Sen attempted to woo before July's widely-criticised elections. The poll was derided internationally after the only credible opposition party was disbanded before the vote, handing the premier's ruling party all 125 seats. Union representatives stopped short of welcoming the wage increase, which they say is not enough to address rising inflation and living expenses. "It does not satisfy us yet. We were demanding an increase of at least $15 a month," Ath Thorn of the Coalition of Cambodia Apparel Workers Democratic Union told AFP. But Kaing Monika … [Read more...] about Cambodia to raise minimum wage for garment workers by $12