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| Production at May 10 company in Hanoi__Photo: VNA |
The Ministry of Labor, Invalids and Social Affairs (MoLISA) will conduct a wage survey at 3,400 enterprises with 6,800 laborers to serve as a foundation for the adjustment of the regional minimum wage in 2025.
The findings will also serve as a reference for businesses and laborers in salary negotiations.
The survey will look through enterprises’ wage changes after the State's latest regional minimum wage adjustments, the adjustment's impact on business costs, the level of compliance of enterprises, as well as the average wage level, overtimes, wage structure, and the lowest wage of employees in different types of enterprises in 2023 and 2024.
The enterprises to be surveyed are in 18 localities representing the eight major economic regions of the country.
The two localities with the largest number of surveyed enterprises are Hanoi with 700 firms and Ho Chi Minh City with 800.
According to the Labor Code, the minimum wage is the lowest paid to workers doing the simplest work under normal working conditions, aiming to ensure the minimum living standards of workers and their families in line with the conditions of socio-economic development. This minimum wage is established by region and announced by the Government based on the recommendations of the National Wage Council, which meets every year.
In the latest meeting, the council advised the Government to issue Decree 74/2024/ND-CP, which clarified an increase of 6 percent in the regional minimum wage compared to the 2023 level from July 1.
Specifically, the regional minimum wage currently applied ranges from VND 2.45 million (USD 97.86) to VND 4.96 million per month, according to the decree.- (VNA/VLLF)
