In 2018, wages will increase by at least 13.3%?

Currently, the economy operates according to market mechanisms, so workers' wages must be based on dialogue and agreement between workers and employers.

On the morning of July 17, Deputy Minister of Labor, Invalids and Social Affairs Doan Mau Diep - also Chairman of the National Wage Council said: The increase in regional minimum wages in 2018 will ensure harmony between employees and employers.

Proposing an increase in the regional minimum wage in 2018, the Vietnam General Confederation of Labor (representing workers) proposed an increase of 13.3% compared to 2017. Meanwhile, the Vietnam Chamber of Commerce and Industry - VCC (representing employers) proposed no increase, or an increase of less than 5%.

The Vietnam General Confederation of Labor proposed a 13.3% increase to ensure better care for workers. (Illustration photo)

For his part, Chairman of the National Wage Council Doan Mau Diep said that the economy is currently operating according to the market mechanism. Therefore, wages, salaries, and benefits of employees must be based on dialogue and agreement between employees and employers.

The mechanism of the National Wage Council is also based on dialogue to find common ground. There is no overemphasis on increasing wages to meet the minimum living standards according to the Labor Code.

“As a state management agency, we hope that both sides (representing workers and employers - PV) will negotiate to reach a balance point for increasing the minimum wage next year. We hope that all achievements of socio-economic development will be shared between businesses and workers,” said Mr. Diep.

According to the Chairman of the Wage Council, the discussion of increasing the regional minimum wage is a negotiation mechanism, not a "bargaining" between the parties.

At the first meeting recently, the Technical Department of the Wage Council proposed 3 minimum wage increases in 2018 including: 5%, 6% or 6.8% increase compared to 2017, based on the Consumer Price Index (CPI) expected to increase by 4% this year.

Specifically, a 5% salary increase to compensate for CPI and 1% labor productivity (increase from 130,000 - 180,000 VND/month depending on the region); Or a 6% increase to compensate for CPI and 2% labor productivity (increase from 160,000 - 220,000 VND/month); Or a 6.8% increase to compensate for CPI and 2.8% labor productivity (increase from 180,000 - 250,000 VND).

The Vietnam General Confederation of Labor proposed a 13.3% increase to ensure better care for workers, moving towards meeting minimum living needs.

Meanwhile, VCCI proposed not to increase or increase below 5%, to help businesses overcome difficulties and improve the competitiveness of Vietnamese goods./.

According to VOV