A good working environment goes a long way towards improving labour productivity, Photo: Le Toan After three working sessions, the National Salary Council, and representatives of employers and employees last week reached a decision to propose for the government approval of the region-based minimum wage hike applied at private companies by 5.3 per cent, equalling an average increase of VND175,000 ($7.74) per worker per month. This hike is a compromise between the 6.1 per cent proposed by the Vietnam General Confederation of Labour (VGCL) representing employees, and the 5.1 per cent proposed by the Vietnam Chamber of Commerce and Industry (VCCI) representing employers. The council’s chairman Doan Mau Diep stated that this 5.3-per-cent increase would help labourers cover their daily living expenses, even with a 4-per-cent rise in the consumer price index (CPI). The rate will not put great pressure on employers to pay their work staff either. “The 5.3-per-cent increase is a compromise. It allows employers to adapt to the changes on the labour market, especially in preparation for the Fourth Industrial Revolution,” Diep said, adding that this 5.3-per-cent raise would bring local workers closer to being able to meet their most basic needs. Mutual benefits Facing the increasing… Read full this story
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