Vietnam Workers' Minimum Wage to Increase by $4
HA NOI — Minimum salaries for workers will increase by VND80,000 (US$4.2) per month to VND730,000 from the beginning of May, in a bid to help them cope with rising consumer prices, reported Vietnam News.
According to Prime Minister Nguyen Tan Dung's decision, the new wage level will be applied at State agencies and enterprises, people's armed forces and socio-political organisations.
This minimum salary will serve as the base for calculating other subsidies for workers.
Tong Thi Minh, head of the Ministry of Labour, Invalids and Social Affairs' Labour and Salary Department, said the minimum wage had been raised a year ago, but was being raised again to help people cope with escalating prices.
She said financial assistance from the State budget would be provided to ministries, sectors or localities which have yet to prepare finances to cover the pay rise for labourers.
The ministry will be responsible for publishing circulars and guidance for agencies to implement the pay rise in a timely manner.
According to the decision, monthly allowances and pensions will rise by 12.3 percent.
Le Thi Thuy Van, an economist at the Financial Policy Institute, said the regular raising of the minimum salary would help encourage staff to stay at State agencies. —VNS
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