Vietnam To Keep The proposed Wage Increase Of 5pct/ Year: MOLISA

13-Dec-2011 Intellasia | StoxPlus | 7:01 AM Print This Post

Vietnam targets to fairly increase income and wage in 10 coming years. The real wage growth rate is set at 5 percent per annum.

The information was provided by Ministry of Labour – Invalids And Social Affairs (MOLISA) in the fourth draft of the “Vietnam Work Strategy in 2011-2020 period” which was published on December 9.

The strategy also sets some other goals such as creating about 1.6 million new jobs each year, increasing the rate of labour unemployment insurance to 30 percent by 2020, annual labour productivity increase by 4 percent in 2011-2020 period.

However, the strategy lacks of focus solutions and does not show clearly what is the break-through measure to achieve the stated objectives, experts said.

MOLISA expects to complete and propose the strategy to the government in Q1/2012.


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