VIR, Aug 27 – Sep 2, 2012. While some enterprises are unhappy about the minimum wage hike proposal, Deputy Minister of Labour, Invalids and Social Affairs Pham Minh Huan says his ministry (MoLISA) is determined to raise salaries to improve workers’ living standards.
Enterprises said raising salaries now, under MoLISA’s increased minimum wage proposal to take effect from January 1, 2013, will make them go bankrupt. Is that true?
“Raising salaries as planned will mean by 2015, the minimum wage will meet the employees’ minimum living standards. Currently, the minimum wage just meets about 60-65 per cent of a need of the minimum living standards.
“We understand enterprises’ difficulties and there are two proposed options to increase minimum wages. The lower option aims to share difficulties and ease burdens with businesses in the context of crisis. The proposed hike was calculated based on consumer price index (CPI), wage and payment levels, as well as enterprises’ financial abilities.”