Minimum wage cannot be increased from 1/1/2024

The above information was stated by Deputy Director of the Department of Labor Relations and Wages, Ministry of Labor, Invalids and Social Affairs, Tong Van Lai on the afternoon of October 17.

According to Mr. Lai, the National Wage Council meeting is expected to restart at the end of November this year, so it may not be able to adjust the minimum wage from January 1, 2024.

"The Ministry of Labor, Invalids and Social Affairs has reported to the Government to postpone the submission of the minimum wage increase plan until the end of this year. The second negotiation session is expected to take place at the end of November. After this meeting, the National Wage Council will reach an agreement and submit the proposal to the Government. With such a process, it is certain that there will be no time to adjust the minimum wage early next year," Mr. Lai informed.

Chưa thể tăng lương tối thiểu từ 1/1/2024 - 1 — The first session of the National Wage Council (Photo: Nguyen Son).

Previously, in early August, the National Wage Council held its first meeting to discuss adjusting the regional minimum wage in 2024.

At the end of the first session on the morning of August 9, the National Wage Council agreed to hold the next sessions in the fourth quarter of 2023 instead of the usual third quarter.

At the meeting, representatives of employees, employers... presented the basis and proposed level of increase in regional minimum wage in 2024. Basically, all members shared the difficulties of businesses, shared the lives of workers, laborers, and incomes that do not guarantee a minimum standard of living.

The technical department proposes a salary increase from 1/1/2024 or 1/7/2024. The proposed salary increase level follows the principle that the minimum wage is equal to or higher than the minimum living standard.

The union wants the minimum wage adjustment in 2024 to increase by 5-6%.

Before the meeting, the trade union conducted a survey of 200 enterprises in 6 provinces and cities. The results showed that over 75% of the respondents said that their current income did not meet their spending needs. In addition, 17.3% of the respondents had to borrow money to spend.

According to the union, the results of the survey showed that workers want to increase their salaries from the beginning of 2024 by more than 11%.

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