Businesses increase wages for workers right after Tet instead of waiting until July 1

According to Hai Phong Economic Zone Trade Union, there are 105 businesses in the area proactively increase salaries for worker labor from January 1 instead of waiting until July 1, when the regional minimum wage is expected to be adjusted.

For example, Synztec Vietnam Co., Ltd. (industrial park) Japan – Hai Phong) announced from January 1 salary increase for workers to 270,000 VND/person/month.

To date average income of nearly 1,000 company employees is more than 8 million VND/person/month.

In addition, the Company’s statistics Hai Phong Economic Zone delegation showed that many businesses increased salaries for direct workers at high levels such as Lihitlab Vietnam Co., Ltd. (Japanese industrial park – Hai Phong) increased by 550,000 VND/person/month; RRC Company Limited (Nam Dinh Vu Industrial Park) SHINEC Company Meihotech Company all increased at 500,000 VND/person/month…

Businesses raise wages for workers right after Tet instead of waiting until July 1 - 1

Many businesses adjust salaries for workers from January 1 (Illustration: Van Quang).

According to the Department of Labor, War Invalids and Social Affairs of Hai Phong, the average salary of workers at businesses in the area in 2023 will be higher than the regional minimum wage, reaching an average of 8-27 million VND/person. /month. Besides, FDI workers alone have an average salary of 8,86 million VND/person/month.

Next Tet Lunar New Year Mr. Nguyen Van Tan Chairman of Grassroots Trade Union of Hosiden Vietnam Co., Ltd. (Quang Chau industrial park, district Viet Yen, Bac Giang province) said the number of workers returning to the factory reached 95%. 

As usual many years ago, the company increased salaries for workers based on production and business situation. However, in 2024, Mr. Tan said that up to this point, he has not received notification about the above matter.

According to this person, the production surplus situation is not much better than in 2023, perhaps The company is carefully considering whether to increase wages or not.

According to the report on the situation of labor relations before the Lunar New Year Giap Thin 2024 of the Vietnam General Confederation of Labor in 2023, the salary The average employee’s salary is estimated at 8 65 million VND/month, an increase of 5% compared to 2022.

Accordingly, the salary of employees of a one-member LLC held by the State is 100 % of charter capital is 9.8 million VND/month, an increase of 3% compared to the previous year.

Wages in private and foreign-invested enterprises also increased by 8% 2 5% respectively. compared to 2022.

Thus, the average salary of workers has far exceeded the minimum wage in the highest regions.

Recently, the National Wage Council has officially recommended to the Government to consider adjusting the annual regional minimum wage. 2024 from July 1.

The increase proposed by the council is 6%, equivalent to an increase of 200,000 VND – 280,000 VND.

Specifically, the salary for region 1 increased to 4,96 million VND ; Region 2 is 4 41 million; Region 3 is 3 86 million VND and region 4 is 3 45 million VND. Current salaries in regions are fluctuating from 3 25 to 4 68 million VND.

The minimum wage will also increase by 6% from mid-2024. Specifically, region 1 will increase to 23,800 VND; Region 2 increased to 21,200 VND; Region 3 is 18,600 VND; Region 4 is 16,600 VND.