Increasing the regional minimum wage has raised concerns over a potential trade-off with social allowances that would block the new wages from increasing employees' real income.
The regional minimum wage will increase by 6.5% in 2018, representing the lowest rise, according to the National Wage Council. The Council convened the third meeting on August 7 in Ha Noi to make the final decision on the proposal on salary hike in 2018 before submitting it to the PM.
The Ministry of Information and Communication (MIC) estimates that Vietnam would need 600,000 workers in the IT industry by 2020, but training establishments can provide only 400,000.
Viet Nam has posted the highest regional increase in minimum wages over the last three years, more than Indonesia and China, but workers still struggle to make ends meet.
Social insurance authorities in Việt Nam are developing a compulsory social insurance scheme for foreign workers in the country, citing the need to follow international practices as the country deepens integration.
MoLISA proposed raising the retirement age by the maximum of five years. At the meeting on May 19, 2017 between the prime minister (PM)’s working group and the Ministry of Labour, Invalids and Social Affairs (MoLISA), Mai Tien Dung, chairman of the Government Office, said that the PM required MoLISA to explain several controversies in its proposal to raise the retirement age.
The Ministry of Labor, Invalids and Social Affairs (MOLISA) is drafting a Decree to guide the implementation of the Law on Social Insurance on compulsory social insurance for foreign workers in Viet Nam.
Enterprises in Bình Dương’s southern industrial hub are seeking 22,700 workers to participate in a job fair held on Sunday. According to Nguyễn Thanh Phương, deputy director of the local job service centre, participating firms need over 22,700 labourers - 21,000 manual workers and over 1,600 professionals.