Vietnam mulls salary hike in domestic private sector
06/08/2010 - 171 Lượt xem
Vietnam could raise its government-set minimum monthly salary at private enterprises – excluding foreign-invested ones – in two major cities by half to VND550,000 (US$34.3) late this year, an official said Tuesday.
The change would be applied in Hanoi and Ho Chi Minh City where the current minimum monthly salary was VND550,000 (US$21.9), said Pham Minh Huan, head of the Ministry of Labor, War Invalids and Social Affairs’ Salary and Wage Department.
Private enterprises in other cities and provinces would also enjoy the raise but at lower levels, he said without elaborating.
He added the hike stood separately from a general monthly salary increase to VND450,000 ($28), due this October.
Any salary hike in the state sector depends on the state budget only, whereas the domestic private sector is open to market forces.
There will be three hike rates depending on where the enterprise is located.
A 40 percent hike in foreign enterprises took effect last month, with Vietnamese workers in major cities working in the sector enjoying at least VND870,000 ($54.6) a month.
Vietnam’s basic salary scale is among the lowest in the region. The figures in foreign-invested enterprises in China and Thailand are $63-$70 and $70-$100 respectively.
Source: Thanhnien, 22/3/2006
