DataSpeaks Minimum wage hike worries pandemic harassed businesses

Garment workers are seen at Garco 10 factory in Hanoi. Photo by VnExpress/Hong Chieu

A 6 percent increase in minimum wage starting this July is a timely boost for workers after two years with no raise, but businesses are nervous about its financial impacts.

For the first time since 2009, the minimum wage increase, if approved by the government, will be effective July 1 instead of January 1 as in previous years.

The increase will amount to VND180,000-260,000 ($7.84-11.32) per month per worker, depending on each of the four salary regions specified by the government.

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