Vietnam's business wages rise 7.5 percent in 2016

A survey on wages had been carried out by MoLISA in 2,000 businesses with an average scale of 360 employees in 18 cities and provinces nationwide in 2016.
Accordingly, the figures in state-run businesses and joint-stock companies with state capital contribution were 7.08 million Vietnamese dong and 6 million Vietnamese dong per month, up 1.85 percent and 2.56 percent year-on-year, respectively. Meanwhile, wages at private companies and foreign direct investment businesses stood at 5.47 million Vietnamese dong and 5.69 million Vietnamese dong per month, up 10.06 percent and 8.58 percent year-on-year.
Average monthly income in 2016 was estimated at 6.03 million VND (267 USD), up 5.4 percent against 2015.
The figure in 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 (286.9 USD) (up 0.15 percent); private companies 6.04 million VND (267.5 USD) (up 7.86 percent); and FDI firms 5.7 million VND (252.4 USD) (up 6.74 percent).