Minimum Wage to Increase by 12.3 Percent

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Photo by flcker user Emilio Labrador under the creative commons licenseSept. 3 – The government has announced that state-owned companies will be increasing monthly minimum wage by 12.3 percent to VND800,000 or US$44.63 beginning May 2010.

The new measure will also include raising the pensions and special allowances for war veterans. Thanh Nien News reports that the same payment increase will be applied at local private firms from the starting next year.

There is also news of a proposal that would raise the minimum wage for foreign-invested companies.