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
MEMBER CORNER / PROMOTIONS
COSMOPARK – ENERGY ADVANTAGES FOR POWER-INTENSIVE INDUSTRIES
As global corporations place increasing emphasis on energy security, renewable energy adoption, and carbon emissions reduction, electricity is no longer viewed merely as a component of technical infrastructure. For high-tech projects, data centers, and large-scale manufacturing facilities, reliable energy infrastructure has become a critical factor in investment location decisions.
VIETNAM ECONOMY INVESTMENT
FIRMS EXPECT STRONGER Q4 ACTIVITY DESPITE COST, FINANCING PRESSURES
More than VNĐ5 quadrillion is registered to be poured into the economy in the first nine months of this year, up 6.1 per cent. Enterprises are expecting stronger business and production in the last quarter of this year, with new orders, output and labour demand set to improve, although high input costs and cash-flow constraints remain major concerns, according to a survey by the National Statistics Office (NSO) released late last week.
VIETNAM ECONOMY INVESTMENT
LOW-ALTITUDE ECONOMY COULD GROW TO $500 MILLION BY 2035
Việt Nam's low-altitude economy is at an early stage of development and is forecast to grow by around 13 per cent annually by 2035. Việt Nam is seeking to develop a broader low-altitude economy ecosystem, moving beyond drone manufacturing to applications, data services and supporting infrastructure, as unmanned aerial vehicles (UAVs) create new opportunities in agriculture, logistics, energy, transport and other sectors.
MEMBER CORNER / PROMOTIONS
COSMOPARK ECO INDUSTRIAL ZONE – A STRATEGIC DESTINATION FOR HIGH-TECH AND SUSTAINABLE INVESTMENT IN SOUTHERN VIETNAM
As international manufacturers continue to diversify their supply chains and expand their presence in Asia, Vietnam is becoming increasingly relevant to companies seeking a long-term manufacturing and investment base. Beyond land availability and operating costs, investors are placing greater emphasis on tax efficiency, investment tenure, regional connectivity, infrastructure readiness, energy security, digital capability, sustainability and future expansion potential.
MEMBER CORNER / PROMOTIONS
THE REVERIE SAIGON AND ZS HOSPITALITY UNVEIL LYS: A SOFT FRENCH IDENTITY BLOOMS IN HO CHI MINH CITY
On 15th October, an expressive new story unfolds at The Reverie Saigon as Hong Kong-based ZS Hospitality marks its international debut with Lys. Rooted in a gentle, contemporary French culinary identity, Lys combines quiet refinement, luminous local freshness and poetic personal connection bridging Italy and Vietnam. The opening is a pivotal moment, contributing to the collective ambition of establishing Ho Chi Minh City as one of Asia’s premier gastronomic destinations.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S REGISTERED FDI SURPASSES $50 BILLION IN NINE MONTHS
According to the National Statistics Office under the Ministry of Finance, total registered foreign direct investment (FDI) reached $50.36 billion as of September 30, up 76.4 per cent on-year. Of the total, newly registered capital came from 3,108 newly licensed projects with combined registered capital of $29.24 billion, up 6.2 per cent in project numbers and 2.4 times the registered capital compared with the same period last year.
Events Sponsors
