The business agency reported on August 8th that the Ministry of Labour, Rongjun, and the Ministry of Social Affairs had recommended that the time for raising the minimum wage be three months ahead of schedule, resulting in a dispute between the garment manufacturer and the state agency in Vietnam.
The Ministry of Labour, Invalids and Social Affairs of Vietnam proposed that the new salary be effective from October 1 this year and replace the plan that came into effect on January 1, 2012. However, the adjustment of different working areas will follow.
The new salary will apply to domestic enterprises, as well as those foreign investment companies operating in Vietnam.
The new minimum wage range is that in the less developed regions, the minimum wage is VND 1.4 million or US$ 68/month, and in urban areas it is VND 1.9 million or US$ 92/month, which is a 27.2 increase over the existing minimum wage. % and 40.7%.
Last year, several times in Vietnam, there was a major demand for work. In fact, the number of people in the same period has almost doubled compared to previous years.
The Ministry pointed out that there are more than 250 foreign investment companies in the country. According to government regulations, they only pay the minimum wage, but they force workers to work overtime.
However, the decision to increase wages in advance has caused garment manufacturers to worry that they are worried about increasing production costs.
Entrepreneurs believe that the existing financial instability, the government to raise the minimum company is unfair.
Wages rise, the cost of raw materials for production increases, and interest rates increase. These factors ** the survival of SMEs.
In addition, in addition to rising monthly wages, employees’ premiums will also increase. Therefore, rising wages will force companies to cut production, reduce the number of workers, or increase the prices of products and services.
Experts believe that balancing the interests of workers and businesses is crucial while raising salaries.
At the same time, the government urges companies to support the government's proposal to raise the minimum wage so as to avoid recurrence of wage problems during the year. At the same time, it ensures that workers will live their basic lives during periods of high inflation.
The Ministry of Labour, Invalids and Social Affairs of Vietnam proposed that the new salary be effective from October 1 this year and replace the plan that came into effect on January 1, 2012. However, the adjustment of different working areas will follow.
The new salary will apply to domestic enterprises, as well as those foreign investment companies operating in Vietnam.
The new minimum wage range is that in the less developed regions, the minimum wage is VND 1.4 million or US$ 68/month, and in urban areas it is VND 1.9 million or US$ 92/month, which is a 27.2 increase over the existing minimum wage. % and 40.7%.
Last year, several times in Vietnam, there was a major demand for work. In fact, the number of people in the same period has almost doubled compared to previous years.
The Ministry pointed out that there are more than 250 foreign investment companies in the country. According to government regulations, they only pay the minimum wage, but they force workers to work overtime.
However, the decision to increase wages in advance has caused garment manufacturers to worry that they are worried about increasing production costs.
Entrepreneurs believe that the existing financial instability, the government to raise the minimum company is unfair.
Wages rise, the cost of raw materials for production increases, and interest rates increase. These factors ** the survival of SMEs.
In addition, in addition to rising monthly wages, employees’ premiums will also increase. Therefore, rising wages will force companies to cut production, reduce the number of workers, or increase the prices of products and services.
Experts believe that balancing the interests of workers and businesses is crucial while raising salaries.
At the same time, the government urges companies to support the government's proposal to raise the minimum wage so as to avoid recurrence of wage problems during the year. At the same time, it ensures that workers will live their basic lives during periods of high inflation.
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