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Vietnam promises tweak to social insurance policy after wildcat strike

Source: www.thanhniennews.com
Date: April 2, 2014
Link: www.thanhniennews.com
Author: Thanh Nien News

The central government has pledged to amend Vietnam's social insurance policy after a controversial rule prompted a week-long wildcat strike of thousands of workers at a Ho Chi Minh City footwear factory.

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Central Government forced to amend new social insurance law after thousands of workers went to strike

Source: news.yahoo.com
Date: April 2, 2014
Link: news.yahoo.com
Author: Tran Van Minh

Several thousand workers joined a peaceful strike in factory compounds beginning of April for 6 days. They were protesting the new social insurance law. Under such strong social pressure, the central government was forced to alter the new controversial law.

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Vietnam minimum wage road map

Source: www.amchamvietnam.com
Date: March 24, 2014
Link: www.amchamvietnam.com
Author: AmCham Vietnam

Vice Minister of MOLISA is currently operating on a “Minimum Wage Adjustment Road Map”. Within such road map, it is planned that “the increases will be greater in 2016 and 2017.” in order to preserve real wages;” and progressively reach the level of the ‘Basic Needs Wage’.

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Myanmar: towards a minimum wage for the summer?

Source: us.fashionmag.com
Date: March 18, 2015
Link: us.fashionmag.com
Author: Matthieu Guinebault

Myanmar’s government is currently working to introduce a minimum wage and to launch a social security program, according to the union IndustriAll Global following talks with the government.

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Minimum wage debate is still unsolved in Myanmar

Source: www.mmtimes.com
Date: April 6, 2015
Link: www.mmtimes.com
Author: Catherine Trautwein

Two years after the government passed a new law to set a minimum wage, it still has not come into existence. Social tensions have also increased in a context wage and overtime payment issues.

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Minimum Wage Setting Reforms On The Horizon In Indonesia

Source: www.forbes.com
Date: March 19, 2015
Link: www.forbes.com
Author: Heng Shao

When it comes to Indonesia, the message at present is consistent: new investment is on hold due to uncertainty over the country’s minimum wage policy. Last month, a group of foreign investors canceled plans to construct sixteen footwear factories for this very reason. Clearly the sentiment is not shared across industries, however, as foreign direct investment increased by 16.2% year over year in 2014. Consumer goods companies applaud the rising wages as increased spending power means enormous opportunities for future growth. Whether viewed as a regional production base or as one of the world’s largest consumer markets, reforms being made to the country’s wage setting mechanism will be one to watch.

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