Contrary to all predictions, the proposal to raise minimum salaries ahead of time has been applauded by businesses, which believes that the wise move can help stabilize the labor market and ease the labor shortage. Just one month after the proposal to raise the minimum salaries ahead of time was made, the Ministry of Labor, [...]
Amid skyrocketing inflation, the Ministry of Labour, War Invalids and Social Affairs has proposed the government to raise minimum salaries in October, one quarter earlier than its initial schedule. Pham Minh Huan, Vice Minister of Labour, War Invalids and Social Affairs, announced at a governmental press conference held in Hanoi yesterday that the minimum salary [...]
Ministry of Finance announced it started to budget 27 trillion dong to raise the minimum salary from 730,000 dong to 830,000 dong per month starting from May 1. The spending is estimated to account for 3.7% of total state budgetary spending in the whole year 2011. The minimum salary increase is implemented from May 1, [...]
Vietnamese National Assembly (NA), the country’s highest legislative body, has approved spending of VND27 trillion ($1.384 billion) to raise monthly minimum salary for state employees by average 25% from May 2011. Under the resolution recently ratified by the NA, new minimum salaries for domestic enterprises will vary from VND830,000 ($42.56) to VND1.27 million, and the [...]
Minimum salary for labourers at both domestic and foreign-owned enterprises in Vietnam will be raised beginning January 1, 2011. According to the newly issued government decree No.108/2010/ND-CP, the raised minimum will be between VND100,000 (USD5) and VND370,000 (USD18.5) for labourers working at companies, cooperatives, farms, household businesses, individual businesses and other organisations in the country [...]
A rise in minimum salary levels is not expected to put a big dent in foreign enterprises’ pockets. The Ministry of Labour, Invalids and Social Affairs (MoLISA) has proposed to raise minimum salaries at foreign-invested enterprises by 10.8 per cent on average, raising the lowest minimum level from VND1 million ($52) to VND1.1 million ($57.8) [...]
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