Vietnam has increased the minimum wage by 5.3 percent in 2019, its lowest compared to previous years. Read more to know about the regional minimum wages and how rising consumer prices can force further hikes in the near future.
Hiring mid-level managers, who play a crucial role in various functions in an organization, is a major challenge for investors. Read more to know about the drivers of turnover and employee retention policies in Vietnam.
This article outlines Vietnam’s official public holidays in 2019, announced by Vietnam’s Ministry of Labour, Invalids and Social Affairs.
Vietnam’s average wages grew over 10 percent in 2017, with the private sector witnessing the highest growth, while the state-owned enterprises continue to have the highest salaries. Read more to know about the average wages, regional differences, the impact of FDI, and economic sectors with rising wages.
The government has issued the new Social Security Scheme for expatriate workers which will be in effect from December 1, 2018. Read more to know about the changes in contributions, payout options, and expat concerns.
As businesses move towards Industry 4.0, the government cannot just depend on the labor-intensive sectors for growth. They have to focus on increasing the productivity, skills, and quality of labor to remain competitive. Read more to know about the labor market and major challenges facing the government.
HCM City maintains its position as having the highest average salary in Vietnam at US$ 456 per month, 38 percent higher than the national average. Read more to know about the other cities following HCM City, salary levels based on experience, average industry salaries, and salary growth.
In 2018, Vietnam along with several ASEAN member states will see a rise in minimum wages. For countries, maintaining a balance between rising wages and productivity is crucial for a sustainable growth. Read more to know about the rising minimum wages and the long-term impact in the region.
Vietnam has revised the minimum wages, salary caps for unemployment insurance, and social insurance for foreign workers, most of which will be in effect from January 2018. Read more to know about the changes and it’s impact on the payroll.
For new firms, payroll administration can quickly become a complex and confusing process. Companies have to be aware of the basic statutory requirements as prescribed by the law. Read more to know about the significant payroll related obligations for employers such minimum wage, overtime, social insurance, and income tax.