Average monthly wages at FDI firms in Vietnam increase 2.5% to $356
The average monthly wage per head at foreign-invested businesses in Vietnam rose 2.5% year-on-year to VND8.68 million ($356) in 2023, according to a preliminary report by the Vietnam General Confederation of Labor (VGCL).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
400 staff of Taiwan-invested firm resume work after strike over Lunar New Year bonus
About 400 workers of Taiwan-invested luggage maker King Loy Enterprise in Long An province resumed work Monday after a strike over changes in their Tet (Lunar New Year holiday) bonuses.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam okays 6% minimum wage hike from July 2024
The National Wage Council voted Wednesday to have minimum wages in the country rise by 6% starting July 1, 2024.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
7,000 employees of Taiwan-invested footwear firm strike work in central Vietnam
Nearly 7,000 workers of footwear maker Viet Glory Co. Ltd., or 90% of its workforce, began a strike Monday afternoon demanding changes to “unfair” benefit policies of the Taiwan-invested firm.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Q3 unemployment matches previous quarter at 2.3%
Vietnam’s Q3 unemployment rate remained unchanged from G2 at 2.3%, numbering 1.08 million people, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM asks labor ministry to draft minimum wage hike
Prime Minister Pham Minh Chinh has asked Vietnam’s Ministry of Labor, Invalids and Social Affairs to compile a draft minimum wage hike for workers.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Labor Confederation eyes minimum wage hike of 5-6% next year
The Vietnam General Confederation of Labor, the head of all labor unions across the country, has proposed a 5-6% increase for the minimum regional wage next year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
600 workers of Japan-invested firm strike over low new year bonus
Nearly 600 workers of Toyo Precision Co., Ltd., a Japanese-invested producer of sewing machine components in Ho Chi Minh City, went on strike from Thursday morning to Friday, due to low Lunar New Year (Tet) holiday bonuses.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Average wage in Vietnam likely up 12% next year: survey
The average wage in Vietnam might climb 12% next year, better than the 9% this year, according to Anphabe, a leading workforce solution provider in the country.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Early base salary hike to hamper inflation control: finance ministry
The increase of base salary for civil servants and public employees from January 1, 2023 instead of July 1, 2023 as proposed by legislators will hamper the government’s inflation control efforts, says the Ministry of Finance.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Salaries at foreign firms 31% higher than Vietnamese peers
The average basic salaries at multinational corporations (MNCs) in Vietnam is 31% higher than those of domestic companies, according to HR consulting firms Talentnet and Mercer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
1,000 workers of Apple supplier strike work for 3 days
About 1,000 workers of BYD Electronics (Vietnam) Company Limited, an Apple supplier, struck work from Wednesday evening to Friday morning in Phu Tho province over payment disagreements.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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Vietnam gov’t irons out incentives for rooftop solar development
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Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam
