2018 minimum wage increase decided

by VTV407 August 2017 Last updated at 15:25 PM

VTV.vn - Vietnam's National Wage Council today held its third session to finalise the minimum wage increase in 2018.

 

From 13.3%, the General Confederation of Labour proposed the rate of 8% with the reason that at this level, workers can maintain minimum living standards. On the other hand, VCCI raised the wage increase to 5% from the proposed rate of 1-2%, but not without warning that businesses will not tolerate a rate higher than this due to unchanged productivity from workers.

Thus, the gap between proposals from workers' representatives and employers' representatives was only 3%, causing a heated debate. After the vote from the National Wage Council, the final rate agreed on by all parties was 6.5%. The increased rate will be submitted to the Government for approval in the coming time.

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