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Rapid Increase In Labor Costs In Vietnam

2011/12/26 11:07:00 11

Labor Cost Growth In Vietnam

According to reports, the more labor-intensive

foreign capital

The enterprises expressed concern about the excessive increase in labor costs, and at the same time expressed concern about the stability of the workforce.


According to the social insurance law of 2010, the workers' social insurance increased from 1% to 2% in 2012, plus the minimum wage raised in October this year.

increase

In recent years, the wage growth of Vietnamese laborers has been increasing quite rapidly, for example, in 2010, foreign-funded enterprises increased their wages at least 2 times, increasing by about 8-12%; in 2010, there were at least 3 wage increases, and the wage level rose by about 20-30% in 2 years.

increase

About 2%.

Although wages continue to rise, there is no guarantee of a stable workforce.

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