NEW REGULATIONS ON EMPLOYEE SICKNESS, MATERNITY TAKE EFFECT
[22-02-2016] Circular No. 59/2015/TT-BLDTBXH, dated December 29, 2015, details and provides guidance on the implementation of provisions of the Social Insurance Law on Compulsory Social Insurance, which contains numerous new regulations regarding sickness and the maternity regime.
LABOR PRODUCTIVITY SURGES 6.4% IN 2015
[28-12-2015] Viet Nam’s labor productivity constantly increased at an average rate of 3.9% in 2006-2015 period, said the General Statistics Office (GSO). Social labor productivity of the economy was estimated at VND 79.3 million per labor (around US$3.657), up 6.4% against 2014.
MINIMUM REGIONAL WAGE TO INCREASE FROM 2016
[23-11-2015] Since January 1, 2016, monthly minimum wage for employees will surge from VND 2.4 million (US$114) to VND 3.5 million (US$166), according to Decree 122/2015/ND-CP on monthly minimum wage for employees. The beneficiaries include employees who work for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.
LABOUR QUALITY SHOULD BE IMPROVED TO SHARPEN COMPETITIVENESS
[23-11-2015] In the newsletter on Labour market published by the Ministry of Labour, Invalids and Social Affairs (MOLISA) in collaboration with the Vietnam General Statistics Office recently, indicators of market prospects and demand for labour from now until the end of 2015 were released, many of which are very significant indicators.
WAGES TO GO UP 5% NEXT MAY
[13-11-2015] The National Assembly (NA) has assigned the Government to increase the minimum monthly salary of public servants by around 5% to VND1.21 million as from May 1, 2016. In a resolution on the 2016 State budget estimates which received approval from 392 of 435 deputies on November 11, the Government is also tasked with ensuring incomes of those whose wage coefficients are smaller than 2.34 will not be lower than the current levels.
FOREIGN LABOURERS€™ INTERNAL MOVEMENT WITHIN ENTERPRISES: OBSTACLES REMAIN
[12-11-2015] Circular 41/2014/TT-BCT issued by the Ministry of Industry and Trade dated November 5, 2014 stipulates foundations and procedures to define foreign labourers’ internal movement in enterprises operating in 11 service sectors specified in Vietnam’s commitments schedule to the WTO not subject to labour licensing.
MINIMUM WAGE INCREASE PROPOSALS STILL MIXED
[30-10-2015] Although the National Wages Council, on September 3, approved the plan with the 12.4 percent increase in minimum wage in 2016, a lot of agencies, organisations and associations have submitted their different proposals to the Government.
SALARIES TO RISE WITH GDP GROWTH IN VIETNAM, SURVEY
[19-10-2015] The manufacturing industry is one of the three industries that will see the highest salary increase rate for the entire year of 2015. According to the “Vietnam Total Remuneration Survey 2015” released last week by Mercer and Talentnet Corporation, the chemical sector ranks first in the list with a rate of 10.3 per cent, while manufacturing and life sciences rank joint-second with a rate of 10.1 per cent.
