HCM CITY — The Ministry of Labour, Invalids and Social Affairs has asked non-State companies to submit reports on staff salaries to their respective labour departments to ensure that the new minimum wage is implemented by January 1.
The monthly minimum salary for workers in foreign-invested companies will increase to VND1.1 million-1.55 million (US$55-75), depending on the area of the country, from the current VND1 million-1.34 million ($50-67).
Domestic companies must raise salaries to VND830,000-1.35million ($41.5-67.5) from the current level of VND730,000-980,000 ($36.5-49).
All provinces and cities must apply the wage increases by January 1. In addition, 28 localities in four provinces and HCM City will add further increases by July 1, according to the new regulations.
At a workshop last week, Tong Thi Minh, head of the ministry's Labour and Salary Department, said all companies must review job contracts, pay grades and their payroll before implementing the new minimum wage.
Pham Minh Huan, Deputy Minister said companies should not reduce allowances or benefits for employees.
Minh also asked local trade unions and local Labour, Invalids and Social Affairs departments to supervise companies' implementation of the minimum salary increase.
The departments will submit the companies' reports to the Ministry of Labour, Invalids and Social Affairs by the beginning of the second quarter next year. — VNS
