August 26, 2011
Vietnam's minimum wage will rise to a maximum of VND2 million per month starting October Vietnam will raise its minimum wage by as much as 69 percent to help workers cope with the highest inflation in Asia. The minimum wage will rise to a maximum of VND2 million (US$96) per month starting October 1 from [...]
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May 22, 2011
State workers repairs electrical grids in downtown Ho Chi Minh City. Many employees of state-owned firms are not interested in the minimum wage increase, saying it fail to match recent price hikes. The Vietnamese government’s recent decision to increase the minimum wage by 14 percent has failed to spark any enthusiasm among workers. Not only [...]
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May 2, 2011
A recent proposal by the Ministry of Finance to raise taxable income threshold to VND5 million (US$238) from the current VND4 million ($190) will not help ease financial burdens in the context of rising consumer prices, according to experts. Le Quoc Dung, vice chairman of the Economic Commission of the National Assembly, said the [...]
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April 10, 2011
Vietnam's consumer price index rose 13.89 percent in March Raising the minimum wage will not have any impact on consumer prices, unlike the hikes in power and fuel products, said Nguyen Loc An, deputy head of the Domestic Market Department at the Ministry of Industry and Trade. But, he said, in order to prevent the [...]
Tags: consumer, Minimum, Minimum Wage, prices, The Minimum, The Minimum Wage
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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March 12, 2011
A man reads job notices on an electric pole in downtown Ho Chi Minh City. Vietnamese economists are calling on government officials to implement some sort of emergency relief as inflation and prices soar. As the government considers modifying the Law on Personal Income Tax, experts say that it should institute an emergency income tax [...]
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January 15, 2011
An economist argues that Vietnam needs to start taxing the rich and easing off the poor A cyclo driver reads a newspaper outside an electronics store in downtown Ho Chi Minh City. Dr. Nguyen Minh Phong of the Hanoi Socioeconomic Research Institute says that taxes should be adjusted to meet the current economic reality. [...]
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November 8, 2010
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 [...]
Tags: Government, million, Minimum, Minimum Wage, Next Year, The government, The Government Said
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September 15, 2009
LookAtVietnam – The Ministry of Labor Invalids and Social Affairs has announced plans to raise minimum wage, but critics say its proposal does not go far enough. Workers at the Tan Tao Industrial Park in HCMC shop at a nearby market. The Government plans to increase minimum wages in the new year but the hikes [...]
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September 5, 2009
The minimum monthly pay at state-owned companies in the least developed parts of Vietnam will increase by 12.3 percent to VND730,000 (US$41) starting next May, the Government Office has announced. Employees of private Vietnamese firms in these areas, which are designated as Zone 4, wonât have to wait that long as the higher minimum wage [...]
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