How much is the minimum wage in Viet Nam at present?

Published:  03:45 Tuesday - July 03, 2012 Minimum wages of State employees rose from VND830,000 (US$40) to VND1,050,000 ($50) per month, effective from May 2012, in a move to help them cope with rising inflation.

The new wage level will be applied to salaries in State agencies and enterprises, people’s armed forces and socio-political organisations.

After inflation hit 18 per cent in 2011, the country's major cities have become far too expensive to live and work in.

Employees of other state-owned firms pay less heed to the current minimum wage, as their main income comes from allowances, bonuses and incentives that are based on company profits.

The new wage level will support rising costs of living standards, particularly for workers, poor people and low income groups. The same rise will apply to income of pensioners and patriots who have rendered great service to the nation.

Source: SGGP

Understanding Vietnamese Business Culture and Etiquette

Understanding Vietnamese Business Culture and Etiquette

Vietnam has been joining WTO, and it opens a lot of opportunities to foreign companies who want to do business...
Gift and Gift-giving Customs in Vietnam

Gift and Gift-giving Customs in Vietnam

Gift giving is important in Vietnamese because of the significance of interpersonal relationships in Vietnamese culture.
Meetings

Meetings

Meetings are considered very formal in Vietnam. It is not common to commit to meeting a long time in advance....
We appreciate your comments. Should you have any feedback or thoughts on how to improve VIETNAMTOURISM.ORG.VN , please contact us at: info@vietnamtourism.org.vn
Việt nam tourism Chuyên cung cấp website du lịch và dich vụ tour du lịch VIETNAMTOURISM.ORG.VN Xếp hạng 9.5/10 4999 Bình chọn