However, the increase rate and timing will be based on information and data collected at the end of this year for consideration and assessment at the second meeting scheduled to take place in late November, said Le Dinh Quang, member of the council.

Illustrative image.

Vice Chairman of the Vietnam General Confederation of Labour (VGCL) Ngo Duy Hieu said that the VGCL acknowledged difficulties of businesses. However, employees are vulnerable and currently facing a lot of difficulties.

The wage increase helps not only motivate them to work with high productivity and good quality, but also ensure they can maintain minimum standards of living, added Hieu.

According to a survey by the VGCL Institute of Workers and Trade Unions, most of the current income of workers does not meet their expenditures, and in some cases, it only meets 45% of demand.

The survey, which was conducted on 3,000 workers and 157 businesses in six provinces and cities before the first round of regional minimum wage negotiations in 2024, showed that 52.3% of employees work overtime with an average time of 1.75 hours per day.

Salary hiked for state workers

The base salary for state workers increases to VND1.8 million (US$76.32) from this month.

Base salary to rise to 1.8 million VND per month on July 1, 2023

The base salary for civil servants and public employees will be raised from 1.49 million VND to 1.8 million VND per month starting from July 1, 2023, following a recently issued Government decree.

Government requires full salary, bonus for workers

The Government requires enterprises to give sufficient salaries and year-end bonuses to employees, and have policies to encourage workers to return to work after the Tet (Lunar New Year) holiday.

Companies pay same starting salary for new graduates from Vietnam and abroad

For the first time in many years, the starting salary of new graduates from Vietnamese universities and overseas universities is the same (about 10.6 million VND, or 443.5 USD, per month), according to the Talent-Mercer Total Remuneration Survey (TRS) 2022.

Source: VNA