The union proposed that the regional minimum wage in 2024 increase to a maximum of 7.3

Representatives of workers proposed two options for increasing the regional minimum wage in 2024 at 7.3% and 6.48%; the minimum wage increase would start from July 1, 2024.

On the morning of December 20, in Hanoi, the National Wage Council held its second meeting to continue discussing and negotiating the adjustment of regional minimum wages in 2024.

Speaking before the meeting, Mr. Ngo Duy Hieu, Vice President of the Vietnam General Confederation of Labor, said that at this meeting, the representative of the workers proposed two options to increase the regional minimum wage by 7.3% and 6.48%; the minimum wage increase date is from July 1, 2024.

Explaining the two proposed options, Mr. Ngo Duy Hieu said that the above two options were proposed based on an assessment of the economic and social situation, considering many aspects, including the responsibility shared with employers.

The Vice President of the Vietnam General Confederation of Labor said that the current socio-economic situation shows signs of improvement, with business orders increasing at the end of the year; overall growth is more positive in the general context of the world.

Regarding the salary increase from July 1, 2024, the union representative pointed out that the delay is also a factor that requires an increase to compensate workers. In addition, the increase in regional minimum wages at the same time as the salary increase in the public sector ensures consistency in both sectors.

Also agreeing with the need to increase the regional minimum wage in 2024, however, according to Mr. Hoang Quang Phong, Vice President of the Vietnam Federation of Commerce and Industry (VCCI), the increase level needs to be negotiated, discussed, and harmonized by all parties. To have a specific increase level, relevant agencies will balance the consumer price index, production capacity, payment, and many other conditions.

Mr. Phong emphasized that the market is still difficult both domestically and internationally, especially for export enterprises. In addition, the international situation affects the supply chain, reducing business orders and reducing employment. There are still many enterprises leaving the market.

Business representatives also affirmed that despite the difficulties, it is impossible not to adjust salaries. In addition to maintaining jobs, businesses must also consider adjusting the regime for employees based on the endurance and payment capacity of the business.

(Vietnam+)

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