Want to be in the loop?
subscribe to
our notification
Business News
VCCI PROPOSAL FOR REGIONAL MINIMUM WAGE 2016
In 2014, VCCI and Business Associations have developed a proposal of adjustment regional minimum wages for discussion at meetings of the Council and has achieved initial results. The Government issued Decree No 103/2014/NÄ-CP which came into effect from 1/1/2015 stipulating regional minimum wage levels for all types of enterprises as follows: Region I: 3.100.000 VND/month (increased of 300.000VND); region II: 2.750.000 VND/month (increased of 350.000VND); region III: 2.400.000 VND/month (increased of 350.000VND); region IV: 2.150.000 VND/month (increased of 250.000VND)
The consultation meeting of the Employers group will be held at the end of April 2015 to get common consent on proposal for minimum regional wage in 2016 which will be submitted to National Wages Council. It would be highly appreciated if you could send your inputs/comments as for employers side to the assessment below:
1. Impact of minimum wage policies on businesses in the industry
1.1. Wage:
- Current situation of the average wage costs in the industry:
• In accordance with special regions: region I and region II
• Types of business (public, private and FDI enterprises)
• Forms of payment: by time, by piece rate, by piece work.
• Calculation of wage based on productivity
• Components of income
- The volatility of wage fund in 2014,the impact on wage increase in an enterprise and the whole industry by applying the new policy on social insurance premiums, overtime working, trade union fees 2% …
1.2. Impact on employment:
- Current labor force situation in the industry
- Measures to reduce labors (working hours, wage or allowance reduction… or not reducing labors)
- Fluctuation labor rate in 2014 and in the first quarter 2015
1.3. Impact on business operation in the first quarter in 2015
2. Conclusion and recommendation of the amendment of regional minimum wage in 2016 and the basis for the proposal of 2016 regional minimum wage
- Socio-economic situation (GDP, CPI, inflation ...)
- Business situation
- Productivity
- Unemployment rate
- Living standards
- Other bases
----------------------------------------------------------------------------------
BUREAU FOR EMPLOYERS' ACTIVITIES
Viet Nam Chamber of Commerce and Industry
5th Floor, 9 Dao Duy Anh, Ha Noi, Viet Nam
Tel: 84-4-5742022 ext 345
Fax: 84-4-5742015
Email: viminhvcci@gmail.com
Website: www.vcci.com.vn
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HÀ NỘI'S BUSINESSES URGE ACTION ON CAPITAL, LOGISTICS BOTTLENECKS TO BOOST EXPORTS
Business associations and enterprises in Hà Nội have urged the city to tackle bottlenecks in financing, logistics, infrastructure and regulations to improve competitiveness, expand production and support export growth, as the capital seeks to sustain double-digit economic expansion. Mạc Quốc Anh, vice chairman and secretary general of the Hanoi Association of Small and Medium Enterprises (Hanoisme), said exports were not simply about selling goods overseas but also reflected a company's production capacity, management, ability to meet international standards and reputation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
PORT THROUGHPUT IN HẢI PHÒNG EXCEEDS EIGHT-MONTH TARGET
Ports in the northern city of Hải Phòng handled an estimated 134.34 million tonnes of goods in the first eight months of 2026, exceeding the eight-month target of 115 million tonnes by 16.8 per cent and rising 11.74 per cent year on year, equivalent to 56.2 per cent of the full-year plan. The strong performance followed a series of measures to optimise port capacity and improve the competitiveness of the city’s seaport system, with a focus on maximising the efficiency of the Lạch Huyện international gateway port as new berths came into operation.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
LÂM ĐỒNG BUILDS TRANSPORT INFRASTRUCTURE AS FOUNDATION FOR GROWTH
With its mountains, highlands and long coastline brought together under one administrative roof, the enlarged Lâm Đồng is now Việt Nam’s largest province by area – and a place where stronger transport links could help turn its diverse economic strengths into a more integrated engine of growth. Against this backdrop, the province is prioritising an integrated transport network to strengthen regional connectivity, expand development space and lay the foundation for sustainable socio-economic growth.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM LOGISTICS COSTS ACCOUNT FOR 16 PER CENT OF GDP
Speaking at a logistics conference on August 26, Ho Thi Quyen, deputy director of the Ho Chi Minh City Investment and Trade Promotion Centre, said that Vietnam is now home to more than 34,000 logistics companies, with the sector contributing around 4.5-5 per cent of GDP. However, logistics costs remain high at approximately 16 per cent of GDP.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
DOMESTIC DEMAND DRIVES STEEL GROWTH AS CONSTRUCTION GATHERS PACE
The steel industry recorded double-digit growth in both production and sales in the first seven months of 2026, while export remained more subdued, highlighting the increasing importance of domestic demand as public investment and construction activity expand. According to the World Steel Association, Việt Nam produced around 15.2 million tonnes of crude steel in the first half of 2026, up 26.9 per cent year-on-year, keeping the country among the world's 10 largest steel producers.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN AUGUST OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
Events Sponsors
