Vietnam Employees to Enjoy Minimum Wage Hike in 2010
The government of Vietnam said recently that it will raise the minimum wage at state-owned companies by 12.3% to VND800,000 (US$44.63) a month starting next May.
The same wage increase will be also applied at local private firms.
Pensions and special allowances to people who have contributed to war efforts will be increased, too, Deputy Prime Minister Nguyen Sinh Hung said recently.
Deputy PM Hung has asked the Ministry of Labor, Invalids and Social Affairs to propose plans to increase the minimum wage at foreign-invested businesses beginning next year.
Currently, the monthly minimum wage in Vietnam is VND600,000.
Vietnam has around 45 million people of working age. The figure is expected to rise to 63.4 million by 2015. (Labor, New Hanoi)
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