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Tag: wages
Vietnam average income up 9.5 percent year-on-year in Q1 2025
Vietnamese workers saw their average monthly income rise to VND 8.3 million in Q1 2025, an increase of 9.5 percent compared to the same period last year. Gains were recorded across all sectors, despite a slight drop in labour force participation and a continued high number of informal workers, according to a press release from Vietnam’s General Office of Statistics.
Average Salary in Vietnam: Q1, 2025 Update
Vietnam has a reputation for abundant low cost labour. This has been instrumental to its rise as a key global manufacturing hub. That said, wages can vary greatly across sectors and industries, and by region. This article discusses the average salary in Vietnam and provides a glimpse into what firms can realistically expect to pay their staff when starting a business in Vietnam.
Calls for 7 percent minimum wage hike in Vietnam in 2025
Ha Minh Vi, the Permanent Vice Chairman of the Trade Union of Industrial Zones in Bac Giang province, has told reporters that he would like to see the minimum wage in Vietnam increase by 7 percent this year. This comes amid reports the Ministry of Labor, Invalids and Social Affairs is preparing to conduct a wages survey to use as a basis for discussing the next minimum wage adjustment.
Minimum Wage in Vietnam 2025: Overview
Vietnam’s minimum wage is an attractive draw-card for businesses in a broad range of industries. Among the lowest in Southeast Asia, foreign firms may be able to realise real value by making the most of this low-cost labour. This article looks at all the key details a foreign firm might need to know.
FIFA bans Vietnam football club from new signings over unpaid wages
Of note, Guirassy, was due to be paid out three months’ salary, about US$19,500, but the club’s bank accounts were frozen over unpaid taxes. These were eventually cleared, however, by that time Guirassy’s visa had lapsed and a renewal had not gone through so the bank was unable to process the transaction. At this point with fines and interest the club was up for an additional US$8,400. It’s still not clear when this will be paid.
Vietnam ‘unlikely’ to see minimum wage hike in 2025
Of note, the National Wage Council meets at least once a year to discuss the minimum wage in Vietnam. That said, the minimum wage does not necessarily rise every year. For example, during COVID minimum wage rises were put on hold. Similarly, as Vietnam’s economy struggled in 2023 minimum wage hikes were delayed until 2024…
Vietnam minimum wage regions to change at next wage hike
The four regions by which Vietnam defines what minimum wage should be paid where, are to be updated this year when the minimum wage rises in July. This will see several local government areas move up a bracket giving an extra boost to minimum wage workers in these areas. Moving
Minimum wage hike of 6 percent submitted to Vietnam government for approval
This will be welcome news for Vietnam’s minimum wage workers with no minimum wage hike last year despite inflation floating around 4 percent. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent with the Vietnam Chamber of Commerce and Industry, a peak business representative body, pushing for between 4.5 and 5 percent. Vietnam’s National Wage Council, which makes recommendations to the ministry, looks to have essentially split the difference.
Vietnam to see minimum wage hike from July 2024
Vietnam’s National Wage council has approved a 6 percent pay raise for Vietnam’s minimum wage workers from July 1, 2024, VN Express is reporting. The Vietnam General Confederation of Labor had been pushing for between 6.48 percent and 7.3 percent whereas the Vietnam Chamber of Commerce and Industry, a peak
Increase to minimum wage in Vietnam pushed back beyond January 2024
The National Wage Council has said it will not recommend increasing the minimum wage from the start of 2024, Tuoi Tre is reporting. Lai Van Tong, the Deputy Director of the Department of Labour Relations and Wages, at the Ministry of Labour, War Invalids and Social Affairs, says this is