The minimum wage of enterprises is expected to increase to 1.9 million dong a month, commencing from October 1, 2011. While the information makes laborers happy, it has grieved businesses because their expenses would increase by 20 percent at least. The Ministry of Labor, War Invalids and Social Affairs (MOLISA) is consulting with relevant ministries [...]
The government looks set to push ahead with an earlier than planned, fourth quarter rise in the country’s minimum wage. It is a move the Ministry of Labour, Invalids and Social Affairs (MoLISA) said would not blunt Vietnam’s competitive edge on labour costs. In a proposal sent to the government early this month, MoLISA proposed [...]
Vietnam’s government will increase public sector wages by 14 percent next month as it struggles to shield workers from one of the highest inflation rates in Asia. Rising commodity prices are putting pressure on wages across the region but the problem is particularly acute in fast-growing but economically unstable Vietnam, where annual inflation accelerated to [...]
Vietnam will raise the minimum wage for public servants and employees of state-owned enterprises by 13.7% to VND830,000/month from May 1 Vietnam will raise the minimum wage for public servants and employees of state-owned enterprises by 13.7% to VND830,000/month from May 1, according the Decree 22/2011/NĐ-CP issued on April 4 by the Vietnamese government. The [...]
The Government issued Decree No 107/2010/ND-CP on October 29 setting the minimum wage for Vietnamese workers working for foreign-invested enterprises, foreign organisations, ternational organisations and foreigners in Viet Nam. The minimum wage is staggered according to zones, with the minimum wage of VND1.55 million (US$80) per month applicable to employees located in the inner districts [...]
The prices of many consumer goods began to rise even before the 12 per cent hike in minimum wage announced by the Government took effect on May 1. An expert from a market research company in HCM City, who wished to remain unnamed, said prices have risen by at least 5 per cent in anticipation [...]
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