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7.3% minimum wage increase submitted

04/08/2016

The National Wage Council has agreed on a 7.3% increase to the minimum wage in 2017 and will submit the proposal to Prime Minister Nguyen Xuan Phuc for approval.

The consensus was reached at a meeting on August 2 between the council and the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam General Confederation of Labour (VGCL).

 

The National Wage Council has agreed on a 7.3% increase to the minimum wage in 2017 

The 7.3% is significant compared to the rate of 4.6% proposed by employer representatives in the Vietnam Chamber of Commerce and Industry and the 11% by proposed by the Vietnam’s General Confederation of Labour, on behalf of the employees at the last month's meeting on the issue.

The National Wage Council then voted and passed a plan to increase the minimum salary by 7.3% in 2017, meaning the minimum wage would increase by VND180,000 (USD8.5)-VND250,000 (USD11.9), depending on geographical area.

Region I will benefit from the highest wage increase of VND250,000 per month, raising the minimum wage from VND3.5 million to VND3.75 million per month. The region includes big districts and towns in Hanoi, Haiphong, HCM City, Dong Nai, Binh Duong and Ba Ria-Vung Tau.

The increases for Region II, Region III and Region IV would be VND220,000, VND200,000 and VND180,000 respectively.

The National Wage Council  will submit its proposal to Prime Minister Nguyen Xuan Phuc for consideration and once approved, the wage increase will be applied from January 1, 2017.

dtinews.vn | August 04, 2016 06:38 AM

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