Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM SET TO RAISE MINIMUM SALARIES EARLY NEXT MONTH
Contract workers will have their salaries increased 6% as from early next month, according to a new decree issued by the Government.
Decree 38/2022/ND-CP on the regional salary increase, signed by on Sunday, June 12, Deputy Prime Minister Pham Binh Minh applies to workers who signed labor contracts as per the Labor Code, and employers such as businesses operating under the Enterprise Law, organizations, cooperatives, business households and individuals.
There will be four new minimum salary levels for four different regions of the country. In region one, the monthly salary will rise from VND4.42 million to VND4.68 million; in region two, from VND3.92 million to VND4.16 million; in region three, from VND3.43 million to VND3.64 million; in region four, from VND3.07 million to VND3.25 million.
For hourly wages, the decree also specifies four levels for four regions. Region one has an hourly wage of VND22,500; region two, VND20,000; region three, VND17,500; and region four, VND15,600.
Source: The Saigon Times
Related News
VIETNAM ECONOMY INVESTMENT
CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1
Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.
VIETNAM ECONOMY INVESTMENT
RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES
“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.
PROPERTY / INDUSTRIAL ZONE
NATION URGED TO BUILD ON ECO-IP MODEL
Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.
PROPERTY / INDUSTRIAL ZONE
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
VIETNAM ECONOMY INVESTMENT
OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT
According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.
PROPERTY / INDUSTRIAL ZONE
NATION URGED TO BUILD ON ECO-IP MODEL
For the 2020-2024 project, three IPs were selected for the transformation including Deep C Industrial Zones in the northern city of Haiphong, AMATA City Bien Hoa in the southern province of Dong Nai, and Hiep Phuoc IP in Ho Chi Minh City. Over the last four years, the level of compliance with the international framework on eco-IPs for all pilot complexes has increased in terms of environment, economy, and management.
Events Sponsors
