Business wages rise in 2016

The Ministry of Labour, Invalids and Social Affairs investigated wages in 2,000 businesses with an average of 360 employees nationwide in 2016, with results indicating an increase from 2015.

Illustrative image (Source: VNA)

Hanoi (VNA) – The Ministry of Labour, Invalids and Social Affairs investigatedwages in 2,000 businesses with an average of 360 employees in 18 cities andprovinces nationwide in 2016, with results indicating an increase from 2015.

Averagesalaries in 2016 were estimated at 5.71 million VND (over 252 USD) per month,representing a year-on-year rise of 7.5 percent.

The figuresin State-run businesses and join stock companies with State capital contributionwere 7.08 million VND (313.5 USD) and 6 million VND (265.7 USD) per month, up1.85 percent and 2.56 percent, respectively.

Wages atprivate companies and foreign direct investment (FDI) businesses stood at 5.47million VND (242.2 USD) and 5.69 million VND (252 USD) per month, respectiveyear-on-year increases of 10.06 percent and 8.58 percent.

Averagemonthly income in 2016 was estimated at 6.03 million VND (267 USD), up 5.4percent against 2015.

The figurein State-owned enterprises was 7.75 million VND (343.2 USD) (up 2.78 percent);joint stock companies with State capital contributions 6.48 million VND (286.9USD) (up 0.15 percent); private companies 6.04 million VND (267.5 USD) (up 7.86percent); and FDI firms 5.7 million VND (252.4 USD) (up 6.74 percent).-VNA

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