Vietnam: Govt to raise minimum wage to revive economy
Vietnam will raise the country's minimum wage by around 20 percent as part of a set of measures designed to help consumers cope with an economic slowdown, Reuters quoted the government as saying Tuesday.
The wage hike, effective from May 1, will see the minimum salary rising to 650,000 dong ($36) per month from 540,000 dong now, the government said in a statement. It also raised pensions by about 5 percent, the report said.
The report warned businesses against "taking advantage" of the wage hike to raise consumer prices.
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