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Vietnam’s National Wage Committee meets to discuss labor minimum wage adjustment plan



The National Wage Committee of Vietnam held a meeting at the Ministry of Labor on August 5, 2015, and discussed the “Vietnam Regional Labor Minimum Wage Adjustment Plan” for next year (2016). Nation…

The National Wage Committee of Vietnam held a meeting at the Ministry of Labor on August 5, 2015, and discussed the “Vietnam Regional Labor Minimum Wage Adjustment Plan” for next year (2016). National-level committees such as the Ministry of Labor, the Federation of Trade Unions, and the Vietnam Chamber of Commerce and Industry all sent representatives to participate and express their opinions.
The Vietnam Chamber of Commerce and Industry, which represents employers, proposes to increase the minimum wage for regional workers in Vietnam by 6% to 7% next year. According to the Vietnam Chamber of Commerce and Industry, there are currently 483,000 enterprises in operation in Vietnam, 96% of which are small and ultra-small enterprises, and 70% are unprofitable, which affects the wages paid to workers by enterprises.
On the other hand, the Vietnam Federation of Trade Unions, which represents labor, proposes that the minimum wage for workers next year be increased by 15%-16%. According to Mai Duc Chinh, vice chairman of the Vietnam Federation of Trade Unions, the current minimum wage for workers can only meet 75% of the basic living conditions for workers. If the minimum wage for workers is increased by 15%-16% next year, it will be able to meet the basic living conditions for workers. 89%.
According to Pham Minh Huan, Deputy Minister of the Ministry of Labor and Chairman of the National Wage Committee, as the chairman of the “National Wage Committee”, he will try his best to reconcile the opinions of both parties and find a reasonable solution. Vietnam’s Ministry of Labor proposes to increase regional labor wages by more than 10% next year. The National Wage Committee of Vietnam will continue to meet and discuss in the next two weeks to propose a final plan for labor wage adjustment, which will be submitted to the government for discussion and approval in October this year (2015).

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