The region-based minimum wage will not be adjusted in 2021, said Deputy Minister of Labour, Invalids and Social Affairs Le Van Thanh, Chairman of the National Wage Council, at a meeting in Hanoi on August 5.
The National Wage Council convened its first meeting of the year in Hanoi on July 9, discussing the regional minimum wage increase for next year.
15 companies have agreed to take in the unfortunate workers after their employer disappeared without paying them salaries.
While labour productivity in Vietnam remains low compared with neighbouring countries, the drastically disproportionate increase of minimum wage and wages might harm the competitiveness of businesses and the development of the country.
Increasing the regional minimum wage has raised concerns over a potential trade-off with social allowances that would block the new wages from increasing employees' real income.
Workers in Vietnam are struggling to survive on meager minimum wages amidst the rising cost of almost everything in the Southeast Asian country.
Vietnam has posted the highest regional increase in minimum wages over the last three years, more than Indonesia and China, but workers still struggle to make ends meet.
Representatives of Japan’s Democratic Party and the Vietnam General Confederation of Labour (VGCL) discussed labour issues during a working session on May 30, Lao dong (Labour) daily reported.
Labor-intensive industries such as mining and agriculture are no longer expanding, according to Nguyen Duc Thanh, Director of the Vietnam Institute for Economic and Policy Research (VEPR).
Minimum wage for contracted employees will increase between VND180,000-250,000 (US$8.18-11.3) per month from January 1, 2017, according to a decree issued by the Government.
Salaries of officials, public servants and those working in the armed forces should not base on the minimum wage, heard a workshop in Hanoi on October 12.
Cambodia has agreed to increase the monthly minimum wage for apparel and footwear workers from US$140 to US$153 from January 2017.
VOV.VN - Clothing and textile exports out of Vietnam jumped 4.4% on-year to US$18.7 billion in the eight months leading up to September of 2016, according to statistics of the Vietnam Cotton and Spinning Association.
Vietnam’s non-compliance rate of 6.6% recorded for the minimum wage in the garment, textile and footwear sectors is the lowest among seven garment exporting countries in Asia, says a new report of the International Labor Organization (ILO).
The National Wage Council (NWC) on August 2 managed to nail down a 7.3% increase to the minimum wage in 2017.
The National Salary Council failed to decide on a regional minimum wage hike in 2017 at a meeting in the northern port city of Hai Phong on July 20, according to Deputy Minister of Labour, Invalids and Social Affairs Pham Minh Huan, who is also head of the council.
The Vietnam General Confederation of Labour (VGCL) has asked the National Salary Council to increase regional minimum wages in 2017 by 10-11% from the current rates.
Prime Minister Nguyen Xuan Phuc has agreed with the Vietnam General Confederation of Labour (VGCL)’s proposal to pilot a project on building residential areas, supermarkets, pre-schools, cultural houses and legal assistance centres serving workers at 15 industrial and processing zones.
Malaysia has become the first country in ASEAN and the fifth in Asia to ratify the Minimum Wage Fixing Convention or Convention 131.
As Vietnam's economy growth slowed down in the first quarter, the country's unemployment rate has slightly risen to 2.25%, according to the labor ministry's new data.