Tuesday, 09/11/2010 15:45

Vietnam to raise minimum wage next year

Minimum monthly salaries at local and foreign firms in Vietnam will increase by between VND100,000 and VND370,000 (US$5 and $19) next year, the government said Wednesday.

The wages will rise from January 1 or July 1, depending on geographical sites, the government said on its website, quoting a new decree.

Currently, local companies are ordered to pay their staff between at least VND730,000 and VND980,000 per month in accordance with regional delineations.

Meanwhile, employees at foreign-invested units receive no less than VND1 million to VND1.34 million.

After the rise, minimum pay will range from VND830,000 to VND1.55 million.

For skilled employees, salaries will be at least 7 percent higher than the minimum wage, according to the government’s stipulation.

Thao Vi

thanhnien 

Other News

>   Finance Ministry wants lower vehicle tax (09/11/2010)

>   New programme promises export credit guarantees (09/11/2010)

>   Demand for life insurance increases (09/11/2010)

>   Monthly information on banking activities (October, 2010) (09/11/2010)

>   Margins fall for banks (08/11/2010)

>   Banks cap deposit interest rates at 12 percent (08/11/2010)

>   Investor group urges cap on deposits (08/11/2010)

>   Finance update: New banks draw closer to Kingdom (05/11/2010)

>   SBV increases base interest rate to 9% p.a. (05/11/2010)

>   HSBC Vietnam wins award for cash management (05/11/2010)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version