wages

Retail Asia28/04/2023

The Lao Government has decided to raise the monthly minimum wage from LAK1.2 million (nearly US$70) to LAK1.3 million starting May 1 to ease workers’ difficulties amid soaring inflation and economic uncertainties. The decision was made at the Lao Government’s meeting held on April 25 – 26 under the chair of Prime Minister Sonexay Siphandone. […]

Retail Asia22/03/2022

The minimum wage – minimum living standard gap has been widening for years, but there is no solution in sight as workers struggle to make ends meet. Vietnam first introduced the “minimum living standard” term in its 2012 Labor Law, which requires that the minimum wage must meet the minimum living standard. A decade later, […]

Retail Asia12/04/2019

The minimum wage increase announced by the government last December is set to kick in on April 1. Starting Monday, the adult minimum wage will rise from the current rate of $16.50 per hour to $17.70 per hour. This means that businesses that have adult employees earning less than $17.70 an hour are legally required […]

Retail Asia29/06/2017

Discussions for the annual wage increase have started, and as expected, the business group at the table, the Vietnam Chamber of Commerce and Industry, has come in with a relatively low offer of 5 percent for 2018. That would be down from the 7.3 percent hike earlier this year and much lower than the preferred […]

Tag: wages

Laos raises minimum wage for workers

Vietnam unable to match minimum wages with living standards

Minimum wage increase Kicked off in April

Vietnam’s employers, unions fight again over wage increase