Salary of labour class increased 9.3% in 2017

February 24, 2018 | 14:31
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The average monthly salary increased by 9.3 per cent in 2017, according to the Ministry of Labour, Invalids and Social Affairs.
salary of labour class increased 93 in 2017
Photo for illustration. - VNA/VNS Photo Trần Việt

The data collected from 63 provinces and cities shows that the average salary was VNĐ6.6 million (US$290) per month in 2017 compared to VNĐ6 million ($263) per month in 2016. The salary increase was higher than the 2017 regional minimum salary increase of 7.3 per cent.

Workers of a member limited liability company, in which the State owned 100 per cent charter capital, received the highest average monthly salary of VNĐ7.9 million ($347), increasing 4.5 per cent compared to the previous year.

Ranked second were joint stock companies, which have State capital contributions, with an average monthly salary of VNĐ7.3 million ($320), increasing 4.6 per cent compared to the preivous year.

Foreign-invested enterprises witnessed the highest salary increase of 13.5 per cent, from VNĐ5.9 million ($260) per month in 2016 to VNĐ6.7 million ($295) per month in 2017.

The average salary offered by private enterprises rose from VNĐ5.4 million ($237) in 2016 to VNĐ5.6 million ($246) in 2017, equivalent to 3.3 per cent.

According to the Vietnam News Agency, the socio-economic condition of Việt Nam in 2017 presented positive signs, with a gross domestic product growth of 6.81 per cent, exceeding the target of 6.7 per cent. The average consumer price index in 2017 increased 3.53 per cent. These improvements motivated the salary hike.


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