While labour productivity in Vietnam remains low, the drastically disproportionate increase of minimum wage and wages might harm business competitiveness and the development of the country.
The capital city of Hanoi’s officials have announced that the total city’s revenue this year is projected to exceed the targeted revenue by 1.04 percent and increase by 15.8 percent over last year’s figure.
Vietnam’s gross domestic product (GDP) in the first nine months of 2017 grew about 6.41 percent as compared to the same period last year, reported the General Statistics Office (GSO).
The consumer price index (CPI) in the southern economic hub of Ho Chi Minh City in September increased 0.9 percent from the previous month and 4.12 percent over the same period last year.