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Next Year, Where Will Vietnam'S Wage Rise Move?

2008/10/7 0:00:00 66

Inflation is serious in Vietnam, where local workers are frequently striving for a raise, and many Taiwanese businessmen have grown more than 20% of their wages since this year.

The Vietnamese government will announce that next year, the basic salary will rise by 12% to 1 million 200 thousand Vietnamese shield, which is expected to further reduce the profit margins of Taiwanese businessmen.

Taiwan textile industry, including Tainan textile (1440), Confucian Hong Kong (1476) and nixing (1451), has risen two times this year, with an average range of 17% to 30%.

The production of sewing machine Xing Xing (1558) and cable's billion (1616), so far this year's salary increase of more than 20%.

In addition, the unification of the food industry (1216) through the subsidy disguised salary increase, Taiwan sugar will also expand the salary increase this year. It is estimated that the annual salary increase from October will be 3% to 5% a year in the past year, and will increase to over 10%.

Li Tianqi, President of Vietnam's Taiwan business, said that Taiwan businessmen had substantially increased their salaries, and that all the workers were under pressure from the increase in their jobs. Among them, the number of employees in the wood industry and footwear industry was tens of thousands.

In addition, Vietnamese workers' demands for wage increases through strikes are endless, and are closely related to the obvious shortage of local labour force.

There are only 7 million workers in Vietnam. The total number of enterprises invested in Vietnam has reached more than 20 thousand due to foreign investment in factories, and the average number of employed workers has dropped to below 350 people.

Li Tianqi said: "now it's a comparison, a factory in the Development Zone, a shoe factory and so on.

Taiwanese businessmen have been working hard in Vietnam, making labor wages rise faster, and labor-intensive enterprises are no longer suitable for Vietnam.

According to statistics, so far this year, the price of people's livelihood in Vietnam has risen by more than 20%, resulting in the shrinkage of the real income of workers. In the first half of the year, Vietnam's strike raised requests for pay rises of 500 to 600, and leveled the level of last year's whole year.

Li Tianqi said, "it is still reported that there are cases, not more."

Recently, the Ministry of labor of Vietnam revealed that it will officially announce the minimum basic wage in Vietnam from the current 1 million Vietnamese shield to 1 million 200 thousand Vietnamese shield in October 10th. As the two sides have different understanding of the definition of basic wages, the impact on Taiwanese businessmen will be greater.

Including Taiwan capital, many foreign investors have previously given subsidies or increased wages to employees in disguised form, resulting in many employees earning more than 1 million 200 thousand Dong Dong, but the "base salary" is not high, which is far from the latest official rule that the "base salary" should reach 1 million 200 thousand Vietnamese shield.

Because once the Vietnamese government applies the new system on New Year's day next year, the allowance previously paid by the management can not be cancelled, and the base salary must be raised.


 

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