Minimum wage to increase by 12.4% from next year
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Earlier, the NSC held two meetings to discuss the minimum wage for 2016 without success as the Viet Nam General Confederation of Labour (VGCL) and the Viet Nam Chamber of Commerce and Industry (VCCI) failed to reach an agreement.
The VGCL, which represents labourers, proposed a 16.8% increase while the VCCI, which is on behalf of businesses, was only prepared to accept a paltry 10% rise.
The current monthly minimum wage varies based on location.
With this increase, the wage in Region I - Ha Noi and HCMC will be raised by VND400,000 (US$17.75) to VND3.5 million (US$155) a month; in Region II - Can Tho, Da Nang, Hai Phong and on the outskirts of Ha Noi and HCMC by VND350,000 (US$15.5) to VND 3.1 million (US$137); in Region III - Bac Ninh, Bac Giang, Hai Duong and Vinh Phuc provinces and provincial cities - by VND300,000 (US$13.3) to VND2.7 million (US$119.5) and Region IV - in the remaining locations it will increase by VND250,000 (US$11) to VND2.4 million (US$106.2)./.
source: Chinhphu.vn
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