21:40 (GMT +7) - Saturday 20/10/2018


Most workers struggle with cost of living

Released at: 15:48, 14/08/2015

Most workers struggle with cost of living

More than half of workers earn a salary that hardly covers living costs.

by Minh Tuyet

Most workers in Vietnam earn an income that falls short of covering the cost of living, the General Confederation of Labor found from research in ten cities and provinces - Hanoi, Nam Dinh, Vinh Phuc, Hai Duong, Thua Thien Hue, Da Nang, Ho Chi Minh City, Can Tho, and Ben Tre - surveying 1,600 respondents.

The majority of enterprises raise the minimum salary when policies call for it, but 39.7 per cent of workers and 50.35 per cent of respondents said that the minimum salary is still too low.

The average monthly salary of those surveyed was VND3.817 million ($172). Overtime accounts for 20 to 25 per cent of total income, highlighting the importance of being able to work a few extra hours.

Respondents with children said that, on average, they are paid VND4.247 million ($192) a month, a 3.6 per cent increase compared to 2014 but still, they added, insufficient. Nearly 20 per cent said they don’t earn enough money to cover the cost of living and 31.3 per cent said that they have to be extremely frugal to get by.

Forty-seven per cent said that they earn enough to live on and only 0.8 per cent said they lived comfortably.

Regarding job satisfaction, 34 per cent said they had none, 52 per cent said it was at an acceptable level, and 15 per cent were fully satisfied.

The Deputy Chairman of the General Confederation of Labor, Mai Duc Chinh, said that the survey aimed only at establishing a reference point for proposals to increase the minimum salary.

User comment (0)

Send comment