Minimum wage to rise in 2010

The minimum wage at state-owned companies will increase to VND800,000 (US$44.63) a month starting next May, the government office announced Tuesday.

Deputy Prime Minister Nguyen Sinh Hung said last week that the basic wage would increase 12.3 percent compared to the current monthly rate of VND600,000. Pensions and special allowances to people that have contributed to war efforts will also be increased.

The same payment increase will be applied at local private firms from the beginning of next year.

Hung also asked the Ministry of Labor, Invalids and Social Affairs to propose plans to increase the minimum wage at foreign-invested businesses from the beginning of next year. 

Minh Khanh

thanhnien

>   DHL Vietnam launches new shipping service for smaller quantities (02/09/2009)

>   Jan-Aug retail sales rise 18.4 percent (02/09/2009)

>   Investors tell Laos to cut paperwork, curb mismanagement (02/09/2009)

>   Half of annual labor export target met (02/09/2009)

>   Economic growth may reach 5.5 pct this year, says gov't (02/09/2009)

>   HCMC’s football woes mirror its relative decline as economic power (02/09/2009)

>   Vietnamese goods reaping profit thanks to… expensive prices (02/09/2009)

>   Vigilant eyes needed to help police inflation (02/09/2009)

>   High-quality Vietnamese goods on display (02/09/2009)

>   Factors behind Vietnam’s economic success (02/09/2009)