WAGES IN VIETNAM AND SOME THINGS TO NOTICE IN 2017
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Since 2017, the issues related to wage have many
changes compared to 2016. So how specific are changes? Affect the rights of
workers like? Please see details below:
1) Applying
new regional minimum wage rates to employees working for enterprises from January
1st, 2017:
From
01/01/2017, regional minimum wage rates applied to employees working for
enterprises shall be prescribed as follows:
a) Within
unit subregions of region I: VND 3,750,000/ month
b) Within
unit subregions of region II: VND 3,320,000/ month
c) Within
unit subregions of region III: VND 2,900,000/ month
d) Within
unit subregions of region IV: VND 2,580,000/ month
2) Since
01/01/2017, the base salary is VND 1.3 million per month.
According
to Resolution on State budget estimates of 2017, the base salary is adjusted
from VND 1.21 million per month to VND 1.3 million per month, increase the
retirement pension, social insurance allowance and benefit to people
meritorious to the Revolution an amount equal to the increase in the base
salary.
Time for
such activities is from July 01, 2017.
3) Salaries
for newly graduated students in 2017.
Graduate
students usually have two directions, one is working for enterprises and the
other is working for government agencies, therefore, official salaries for
newly graduated students as follows:
For working
in enterprises:
- Region I:
VND 4,012,500/ month
- Region
II: VND 3,552,400/ month
- Region
III: VND 3,103,000/ month
- Region
IV: VND 2,760,600/ month
For working
in state agencies:
- From January
1st, 2017 to June 30th, 2017: VND 2,831,400/ month for
University graduates and VND 2,541,000/ month for college graduates.
- Since
July 1st, 2017: VND 3,042,000/ month for University graduates and VND
2,730,000/ month for college graduates.
4) It is
possible to enact Law on minimum wage.
Regulations
in the Labour Code in 2012 now prove unsuitable, therefore, minimum wage law should be enacted to apply
and follow the market mechanism.
Since then, in the future, it is expected to promulgate minimum
wage by month, day, hour.
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