With the basic salary increase of around VND350,000 (USD16.56) per month, payment would meet only nearly 80% of an average worker’s budget.
Minimum wages fail to meet cost of living The Vietnamese government has issued a new decree which stipulates the new basic salary, which would provide the highest salaries to the most developed areas.
Area 1 includes Hanoi, HCM City, Quang Ninh, Danang, Binh Duong, Dong Nai and Vung Tau, which will have salary increases of to VND2.7 million (USD127.75).
Area 2 includes Haiphong, Vinh Phuc, Thai Nguyen, Khanh Hoa, Binh Phuoc, Tay Ninh, Long An, An Giang, Can Tho and Ca Mau, and will have VND2.4 million (USD113.55) as a basic salary. Areas 3 and 4 will respectively set VND2.1 million (USD9936) and VND1.9 million (USD89.90) as basic salaries.
The new salaries are between VND250,000 (USD11.82) and VND350,000 (USD16.56) per month higher than the current payments.
According to estimates by the Vietnam General Confederation of Labour, the minimum living standard next year will be VND4.1 million (USD194) per month for Area 1, over VND3.4 million (USD160.87) per month for Area 2, over VND3 million (USD141.94) per month for Area 3, and over VND2.4 million (USD113.55) per month for Area 4.
This means that the new minimum wage would meet only between 66% to 79% of workers’ minimum living costs.
The regulation stipulates that enterprises should use the basic salary as a basis for their payment policies and are encouraged to make higher payment policies for their workers with this in mind.
Decree 182 will take effect on December 31, 2013 and the salary increases from next January.
Đăng ký: VietNam News