Latest News about Minimum wage
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 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.