Thẻ: Minimum wages

Vietnam’s latest minimum wage rise business as usual

~ Đào Thu Hằng ~ Bình luận về bài viết này
17 October 2015
Author: Tu Phuong Nguyen, ANUeastasiaforum – In September 2015, the National Wage Council (NWC) of Vietnam proposed an increase of 12.4 per cent to the minimum wage in 2016. The key parties — representatives of business in the Vietnam Chamber of Commerce and Industry (VCCI) and the state-sanctioned national union of workers, the Vietnam General Confederation of Labour (VGCL) — finally reached a consensus after two stalled meetings. The process, after all, is within the state’s annual schedule and hardly goes with any substantive changes to labour market institutions.

Vietnamese workers sew trousers and shirts destined for the U.S. market at the state-owned Thang Long garment factory in Hanoi (Photo: AAP).State-led wage bargaining is conducted annually in Vietnam and thus has become a key part of maintaining harmonious industrial relations in the country. There are four different minimum wages, which are categorised according to a region’s consumer price index. The first region covers urban and industrialised areas, while the others apply to different rural areas. The NWC has proposed raising the minimum monthly wage for this region from 3.1 million dong (approximately US$138) in 2015 to 3.5 million dong (approximately US$155.7) in 2016. It is likely that the proposal will make its way into a government decree at the end of 2015. Tiếp tục đọc “Vietnam’s latest minimum wage rise business as usual” →