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ILO

Minimum wage and effective collective bargaining – key to maximize benefits of economic integration

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Viet Nam has made an important step in minimum wage setting but it is not enough. The legal and institutional system for collective bargaining should be improved and international labour standards offer useful frameworks and tools to do this.Viet Nam has made an important step in minimum wage setting but it is not enough. The legal and institutional system for collective bargaining should be improved and international labour standards offer useful frameworks and tools to do this.Ha Noi, 25 November 2014 - Viet Nam's wage setting policies and institutions need to continue to adapt to meet the demands of its changing labour market and ensure that deeper integration into the regional and global economy benefits workers, enterprises and the Vietnamese economy broadly.

This was a key message at the national conference on "Viet Nam wage policy in the context of a market economy and economic integration" organized in Hanoi on 25-26 November.

Co-hosted by the Ministry of Labour, Invalids and Social Affairs (MoLISA) and the International Labour Organization (ILO), the event emphasized the necessity of a good balance between promoting enterprise development and providing workers with a fair share of enterprise productivity gains.

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