Minimum wage to go up 17 percent
The Viet Nam General Confederation of Labour (VGLC) has submitted plans to increase the minimum wage by 16-17 percent in 2016 to the National Salary Council.
The National Salary Council will discuss plans to increase the minimum wage in 2016 |
If the plan is approved, each minimum wage level for all four of the country's wage zones will increase from 350,000 VND to 550,000 VND (16-25 USD).
The proposed monthly minimum wages are 3.65 million VND (168 USD) for Zone 1, a 550,000 VND (25 USD) hike; 3.2 million VND (145 USD) for Zone 2; 2.8 million VND (127 USD) for Zone 3; and 2.5 million VND (113 USD) for Zone 4.
Zone 1 covers urban Ha Noi and HCM City; Zone 2 covers rural Ha Noi and HCM City along with urban Can Tho, Da Nang and Hai Phong cities; Zone 3 applies to provincial cities and the districts of Bac Ninh province, Bac Giang, Hai Duong, and Vinh Phuc provinces; and Zone 4 takes care of the remaining localities. The salary hike is expected to meet only 86 to 88 percent of minimum acceptable living conditions.
(Source: VNA)