Adjusting the increase in retirement age and supplementing with many preferential policies for businesses employing a large number of female workers are notable provisions proposed to be included in the Draft Amendment of the Labor Code, expected to be submitted to the National Assembly in 2017.
Increasing the region-based minimum wage in Vietnam in 2017 is an issue that has garnered significant attention from the public because it greatly impacts the lives of workers as well as the activities of enterprises.
Region-based minimum wages for 2018 consist of four levels: VND 3.98 million (Region I); VND 3.53 million (Region II); VND 3.09 million (Region III); VND 2.76 million (Region IV) applied correspondingly to the following areas:
According to the Draft Decree on region-based minimum wages in 2019, the subregions applying region-based minimum wages in Vietnam have some adjustments. Notably, many districts in Region IV will apply the region-based minimum wage of Region I in 2019.
Currently, the Government of Vietnam is implementing the Draft Decree stipulating the regional minimum wage for employees working under labor contracts.
The Ministry of Labor, Invalids and Social Affairs is drafting a Circular guiding the implementation of labor management, wages, remuneration, and bonuses for the Credit Guarantee Fund for small and medium-sized enterprises.
Recently, the Government has issued Decree 72/2018/ND-CP regulating the statutory pay rate, effective from July 01, 2018. Accordingly, from the effective date of this Decree, the statutory pay rate is 1,390,000 VND per month. This policy has led to a series of significant changes in related matters.
The Ministry of Labor, Invalids, and Social Affairs has submitted a proposal seeking opinions on a plan for employees to swap holidays so that the holiday periods can be continuous and extended.
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