Officially submit to the Government the plan to increase regional minimum wage from July 1.

On behalf of the National Wage Council, Mr. Le Van Thanh, Deputy Minister of Labor, Invalids and Social Affairs, Chairman of the National Wage Council, sent a report recommending to the Government to consider the 2024 regional minimum wage increase proposed by the council at 6%, equivalent to an increase of VND 200,000 - 280,000.

Chính thức trình Chính phủ phương án tăng lương tối thiểu vùng từ 1.7- Ảnh 1. — The National Wage Council recommends that the Government increase the regional minimum wage from 1.7 to

The adjustment will be applied from July 1 - at the same time as the public sector salary reform, ensuring time for businesses to prepare plans and resources for implementation.

Specifically: Region I increased from 4.68 million VND/month to 4.96 million VND/month (an increase of 280,000 VND). Region II increased from 4.16 million VND/month to 4.41 million VND/month (an increase of 250,000 VND). Region III increased from 3.64 million VND/month to 3.86 million VND/month (an increase of 220,000 VND). Region IV increased from 3.25 million VND/month to 3.45 million VND/month (an increase of 200,000 VND).

For the minimum hourly wage, the Wage Council also agreed to increase by 6%, equivalent to an increase of 16,600 - 23,800 VND compared to current regulations.

According to practice, the minimum wage in the business sector is adjusted on January 1 every year. However, in the context of economic difficulties, volatile world situation, climate change, complex trade barriers, etc., after considering the factors, the members of the National Wage Council voted unanimously to increase the minimum wage by at least 6% from July 1, 2024.

Mr. Ngo Duy Hieu, Vice President of the Vietnam General Confederation of Labor, said that the 6% increase is appropriate because recently workers' lives have faced many difficulties due to lack of orders and price fluctuations.

"2024 will still have many unpredictable difficulties. With the spirit of sharing and acting together, we will continue to encourage and promote workers to increase productivity and overcome difficulties with businesses. We hope that businesses will expand their markets to increase orders and create jobs for workers in the coming time," said Mr. Hieu.

Previously, on October 31, at the National Assembly session discussing the results of the implementation of the 2023 socio-economic development plan; the expected 2024 socio-economic development plan and many other important contents, delegate Pham Trong Nghia, full-time member of the National Assembly's Social Committee, proposed that the Government direct the National Wage Council to conduct early negotiations to increase the minimum wage for workers to ensure implementation from July 1, 2024 at the same time as implementing wage reform in the public sector.

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