Regional minimum wage to increase by 5.3% in 2019

8/14/2018 - 8:39:02 AM

The 2019 regional minimum wage will be increased by 5.3% on average, equivalent to between VND160,000 (US$6.88) and VND200,000 (US$8.6) depending on each region, the lowest wage increase level so far.

The 2019 regional minimum wage will be increased by 5.3% on average. (Photo: VN+)

The aforementioned wage adjustment was agreed upon by all of the 15 members of the National Wage Council during the third meeting, held by the council to discuss the issue in Hai Phong city on August 13.

The meeting took place under the chair of Deputy Minister of Labour, Invalids and Social Affairs cum Chairman of the National Wage Council, Doan Mau Diep, with the presence of representatives from the Vietnam Chamber of Commerce and Industry (VCCI), which represents businesses, and the Vietnam General Confederation of Labour (VGCL), which represents labourers.

According to the meeting’s results, the regional minimum wage will rise to VND4.18 million per month (roughly US$180) for Region I, up VND200,000; VND3.71 million (around US$160) for Region II, up VND180,000; VND3.25 million (approximately US$140) for Region III, up VND160,000; and VND2.92 million (US$125.5) for Region IV, up VND160,000.

The solution of a 5.3% regional minimum wage increase will be submitted to the Government by the National Wage Council in order to decide the wage increase level for 2019.

Source: NDO

Starting business from hometown specialty

Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.

Huge potential to boost chilli export to RoK

Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.

Hoa Binh improves effectiveness of collective economy

Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.

Lac Son - attractive destination for investors

Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.