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wage

Solutions deal with inflationary pressure from wage increases

Solutions deal with inflationary pressure from wage increases

Dr. Nguyễn Quốc Việt, Deputy Director of VEPR, discussed with Vietnam News Agency the 30 per cent increase in Việt Nam''s basic salary to VNĐ2.34 million on July 1, and concerns over potential market price hikes.
Inflation target is achievable, wage increase expected not to have significant impact on prices

Inflation target is achievable, wage increase expected not to have significant impact on prices

The inflationary pressure is not significant in the second half of this year, Nguyễn Đức Độ, Deputy Director of the Institute of Economics and Finance said. The inflationary drivers in the first half of this year mainly came from the...
Wage hike needs to keep up with inflation control

Wage hike needs to keep up with inflation control

Viet Nam is set to increase the base wage from July 2023.
Regional minimum wage to increase starting in July

Regional minimum wage to increase starting in July

A new decree raising the regional minimum wage for labourers was approved on Sunday by Deputy Prime Minister Pham Binh Minh.
Proposed minimum wage insufficient to make ends meet: insiders

Proposed minimum wage insufficient to make ends meet: insiders

As the Ministry of Labour, Invalids and Social Affairs has been gathering comments on a draft on the minimum wage, insiders say the proposed wages are insufficient to make ends meet.
Business associations propose delaying minimum wage increase

Business associations propose delaying minimum wage increase

Eight associations with a large labour force have proposed the Government increase the regional minimum wage from January 1, 2023 instead of July 1, 2022 as per the National Wage Council''s decision.
Regional minimum wage to be increased by 6 per cent from July 1

Regional minimum wage to be increased by 6 per cent from July 1

This increase is equivalent to a rise of VNĐ180,000-260,000 (US$7.86-11.36), which varies between regions.
Textile association opposes wage hike

Textile association opposes wage hike

The Viet Nam Textile and Apparel Association (VITAS) on Wednesday proposed that the regional minimum wage (covering four regions in the country) not be increased next year.
Higher minimum wage may hurt VN

Higher minimum wage may hurt VN

While labour productivity in Viet Nam remains low compared with neighbouring countries, the drastically disproportionate increase of minimum wage and wages might harm the competitiveness of businesses and the long-term development of the country.
Regional minimum wage hike debate falls through

Regional minimum wage hike debate falls through

An increase in the regional minimum wage in 2018 has not yet been finalised because of differences over the margin of increase of the wage.
Wages of bank employees rise

Wages of bank employees rise

Commercial bank employees received an average monthly wage last year of VND13-23 million (US$580-1,020), up VND1-4 million against 2014, thanks to better performance.
Minimum wage to jump by 12.4 per cent in 2016

Minimum wage to jump by 12.4 per cent in 2016

The National Wage Council voted yesterday on a 12.4 per cent increase of minimum wage in the year to come.
ACB slims down employees, cuts wages

ACB slims down employees, cuts wages

Asia Commercial Bank in the first half of the year cut down the total number of employees at the bank and its affiliates by 568 to just over 9,700, according to a new financial report.
National Wage Council Established in Viet Nam, Minimum Wage Rises

National Wage Council Established in Viet Nam, Minimum Wage Rises

Last month, Vietnamese Prime Minister Nguyen Tan Dung approved Decree 49/2013/ND-CP, which commissioned the establishment of a National Wage Council to oversee national wage levels throughout the country.
New principles for wage scales

New principles for wage scales

On May14, 2013, the Government issued Decree No. 49/2013/ND-CP guiding the implementation of a number of Articles of the Labour Code on wages.