Latest News about Minimum wage
In addition to recommending against an increase in wages this year, many experts and businesses have also opposed proposals to change the timing of regional minimum wage changes from January 1 to July
The body that represents workers' rights in Vietnam is calling on the Government to increase minimum wage as the country's economy begins to show positive signs of recovery.
The highest bonus for the lunar New Year in HCM City or Tet holiday is expected to be more than VND1 billion (USD43,478), meanwhile the figure for the New Year is VND990 million (USD42,251).
The International Labour Organization (ILO) has welcomed the new rights of workers and employers in Vietnam from January 1 as the revised Labour Code adopted in 2019 takes effect.
The labour ministry has proposed the Government delay increasing minimum wage next year due to economic hardship caused by the COVID-19 pandemic.
The National Assembly’s Finance and Budget Committee has agreed not to adjust the minimum wage in 2021 and has warned about the pressure on public debt payment.
Businesses will have one fewer thing to worry about in 2021 as the minimum wage is not expected to be increased for privately-owned enterprises.
The National Wage Council has advised the Government to keep the minimum wage unchanged until the end of 2021 instead of raising it as planned.
Vietnam may break a 10-year trend by not increasing regional minimum wages for private businesses in 2021 to help ease the financial burden on those ailing from the pandemic.
The Government has called on the legislative National Assembly (NA) to raise the monthly base salary for the coming year to VND1.6 million (US$69) to keep up with the country’s advancements in overall development.
Cambodia has decided to raise the minimum wage for workers in the textiles and footwear industries to 190 USD per month, an increase of 4.4 percent, from next year.
The business community has protested the Ministry of Labor, War Invalids and Social Affairs’ (MOLISA) intention to cut the weekly maximum working hours from 48 to 44 hours.
According to the World Bank, Vietnam has had the sharpest minimum wage increase in the region, a 14 percent rise in the 2014-2016 period.
Starting next year, minimum wage in the private sector will increase by 5.5 per cent after three-party negotiations between representatives of the State, employers and employees ended yesterday.