The Vietnam General Confederation of Labour (VGCL) has asked the National Salary Council to increase regional minimum wages in 2017 by 10-11 percent from the current rates. Le Dinh Quang, Deputy Head of the Labour Friendship Department under VGCL, said the proposal was carefully made with a view to harmonise businesses' economic situation with workers' daily needs. Surveys conducted by VGCL showed that only eight percent of workers had income that could help them meet their demands and also save some money; about 20 percent of the workers had income below their living standards; and the rest were struggling to make ends meet, Quảng said. He said an annual wage increase might cause difficulties for businesses, while the current wage helped workers to cover 80 percent of their basic demands. The VGCL wanted the regional minimum wage road map to ensure that the basic demands of labourers and their families were met, he said. Pham Minh Huan, Deputy Minister of Labour, Invalids and … [Read more...] about VN Labor Confederation proposes 11 percent increase in minimum wage
10 increase in salary
VGCL proposes 11% increase in minimum wage
Viet Nam News HÀ NỘI - The Việt Nam General Confederation of Labour (VGCL) has asked the National Salary Council to increase regional minimum wages in 2017 by 10-11 per cent from the current rates. Lê Đình Quảng, deputy head of the labour friendshipdepartment under VGCL, said the proposal was carefully made with a view to harmonise businesses' economic situation with workers' daily needs. Surveys conducted by VGCL showed that only eight per cent of workers had income that could help them meet their demands and also save some money; about 20 per cent of the workers had income below their living standards; and the rest were struggling to make ends meet, Quảng said. He said an annual wage increase might cause difficulties for businesses, while the current wage helped workers to cover 80 per cent of their basic demands. The VGCL wanted the regional minimum wage road map to ensure that the basic demands of labourers and their families were met, he said. Phạm Minh Huân, deputy minister … [Read more...] about VGCL proposes 11% increase in minimum wage
PM orders minimum wage to be increased in January
PM orders minimum wage to be increased in January (04-11-2009) HA NOI — Minimum salaries for labourers will increase VND80,000-180,000 (US$4.5-10) per month from January 1, 2010. According to the Prime Minister's recent decree, minimum salaries for Vietnamese labourers will be divided into four regional categories and adjusted in accordance with living conditions in each region. The four regions will be distinguished based on their economic growth targets, consumer price index, poverty level, average expenditure per capita, scales of enterprises and average salary level. Tong Thi Minh, head of the Labour and Salary Department under the Ministry of Labour, Invalids and Social Affairs, explained that labourers working in domestic and foreign enterprises in the first category (which includes inner districts of Ha Noi and HCM City) would have the highest minimum monthly salary, VND980,000 ($55) and VND1.34 million ($75) respectively. Minh noted that the second category would … [Read more...] about PM orders minimum wage to be increased in January
2008: Salary Increase in Hanoi Highest Among Vietnam’s Regions
Hanoi Times - Salary increases around the nation were highest in Hanoi, according to the Navigos Group (Human Resource Consulting and Training) in its 2008 Vietnam Salary Survey. According to the Navigos Group, the survey covered 57% of companies from Ho Chi Minh City, 17% of companies from Hanoi and neighboring regions, 17% of companies from Southern provinces and 9% from Central provinces. The results showed that, in 2008, Hanoi has seen the highest increase in salaries at 23.7% compared to other provinces and cities, and compared to a 21% increase in Ho Chi Minh City. The survey was conducted between April, 2007 and March, 2008 and drew from 64,905 employees in 206 companies. According to Navigos Group's Project Manager Lia Abella, this was the largest, most comprehensive and most profound salary survey report undertaken in Vietnam in 2008. Among the surveyed companies, 71% were foreign-invested and the remainder were domestic Vietnamese companies. The report also indicated that … [Read more...] about 2008: Salary Increase in Hanoi Highest Among Vietnam’s Regions
Increase in prices of imported powdered milk
Though price of domestic powdered milk has remained stable, since the beginning of the year, prices of imported powdered milk have risen. However, imported raw milk products have not increased compared to last year. Most milk agencies in Ho Chi Minh City have applied new pricing on all imported powdered milk products from Abbott, marking an increase of 9 percent. Compared to other imported powdered milk products, prices of Abbott products such as Similac IQ, Gain IQ, Ensure Gold, Glucerama and Pediasure are higher. Nestlé brand also increased prices from 2 to 10 percent. Mead Johnson announced an increase from 10 to19 percent. Explaining the increase in milk products, Nestlé said that it has decided to increase prices due to increase in salaries of workers, electricity rates and foreign exchange rates. Also, Nestlé in Thailand was affected by the recent floods and the company is currently facing a shortage of raw milk. According to Pham Ngoc Chau, … [Read more...] about Increase in prices of imported powdered milk