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minimum wage laos

Employers in Laos who fail to pay the Minimum Wage may be subject to punishment by Laos' government. Businesses should prepare and incorporate the increase in their budgets for the next year. Usage is subject to our Terms and Privacy Policy. Recently, the Laotian government increased the minimum wage for all businesses and factories in the country from 900,000 kip (US$106) to 1.1 million kip (US$130) a month, starting May 1, 2018. Laos Minimum Wage Published by: Open Development Laos This webpage provides information on the minimum wage in Laos, how it compares to that of other countries, and other facts and statistics about the country. Businesses should prepare and incorporate the increase in their budgets for the next year. In previous years, the data underlying the Global Wage Report included many additional indicators (e.g. Vietnam will increase the minimum wage by an average of 5.7 percent in 2020. Laos is a country located in the Southeast Asia region with a population of 5,433,000 and an average life span of 53.1 years. Laos' minimum wage was last changed in 1-Jan-2014. Get full access to all content, just $1 for 30 days. This gender gap in compliance rates varies considerably between countries. There was no minimum wage for permanent workers in the private sector. Median Salary The median salary is 4,910,000 LAK per month, which means that half (50%) of the population are earning less than 4,910,000 LAK while the other half are earning more than 4,910,000 LAK. In 2012 the government raised the minimum wage from 348,000 kip to 626,000 kip a month, and in 2015 ordered a further hike to 900,000 kip a month. Minimum wage set at $190 for 2020. 4 July, 2018 . Minimum Wages in Vietnam increased to 4420 VND Thousand/Month in 2020 from 4180 VND Thousand/Month in 2019. Minimum wage with effect from May 1, 2018. The current minimum wage in Laos is 1,100,000 Kip per month (US $128.59). Check our database! This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars, a measure of currency based on the United States dollar in 2009. The Lao government has approved workers' monthly minimum wage of 1.1 million kip, an increase of 11 percent from 900,000 kip, according to the announcement of Prime Minister's Office No. Recently, the Laotian government increased the minimum wage for all businesses and factories in the country from 900,000 kip (US$106) to 1.1 million kip (US$130) a month, starting May 1, 2018. The new minimum wage growth formula is hinged on the sum of Indonesia’s inflation and GDP growth over the past 12 months. The wage increase is critical in improving the livelihoods of the Lao people as LAK 900,000 is insufficient to live on due to the rising cost of household goods and the increased in the cost of living has contributed to the growing trade deficit in Laos. Long Kimmarita. The 2018 daily minimum wage of 4,800 kyat, which officially began to apply for all factories with more than 10 employees on 14 May 2018, has been negotiated intensely over a period of months between the government, employer and worker representatives. Laos will raise the minimum wage for unskilled labourers by almost 50% in a move reflecting the government's concern about a worker shortage. Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. Per month. International Currency is a measure of currency based on the value of the United States dollar in 2009. Minimum Wages in Cambodia averaged 130.25 USD/Month from 2014 until 2017, reaching an all time high of 153 USD/Month in 2017 and a record low of 100 USD/Month in 2014. Minimum wage in Cambodia is mainly guaranteed for workers in the country’s textiles and footwear manufacturing industry. In smaller cities, the minimum wages are usually even lower. 40 0.5: 1.57. According to the Bank of Lao, the inflation rate in Laos in 2010 was ended up more than 8%. Next year’s basic minimum wage has been increased by 4.4 per cent to $190 a month from $170 per month last year after the final round of negotiations ended in a vote last week, the Ministry of Labour and Vocational Training announced. The Laos government’s announcement of the increase of the minimum wage took effect on 1 April 2015. While we take all precautions to ensure that the data on this site is correct and up-to-date, we cannot be held liable for the accuracy of the labor law data we present. In 2012, the government of Laos raised the minimum wage from 348,000 kip (U.S. $42) per month to 626,000 kip (U.S. $76), and in 2015 further increased it to 900,000 kip. Minimum Salary in Vientiane, Laos Currently, the minimum salary in Vientiane, and as a matter of fact in whole Laos, was established by the government and became effective as of May 1st 2018 at the rate of 1.100.000 KIP, which translates into roughly 130 US dollars, considering the exchange rate in January 2019 (source: Vientiane Times). The minimum monthly wage of workers in textiles and footwear industry in Cambodia rose by 7 percent to USD 182 in January of 2019. Laos' minimum wage was last changed in 1-Jan-2014. 2. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. This site is a free public service not affiliated with the Department of Labor or any governmental organization. After months of deliberation, the government of Laos (“GOL”) officially approved an increase to the country’s minimum wage on 20 April 2018, from LAK900,000 (approximately USD110) to LAK1,100,000 (approximately USD133) per person per month. The last increase in minimum wage was made in 2015 where the it was changed from LAK626,000 to LAK900,00 a month. According to the list of comparative wages in the region released last month by the National Wages and Productivity Commission in Manila, the Philippines and Myanmar’s monthly minimum wages were estimated at only around $80.28 per month, much less than the monthly wage of $110.34 in Laos, $140 in Cambodia and $147.47 in Vietnam.

, Minimum wage with effect from May 1, 2018, Living Wages Data - Availability October 2020 - Countries and Regions, United Arab Emirates - Living Wage Series - September 2020, Living and Working in Times of the Coronavirus, Covid - 19: Measures taken by Governments, Frequently Asked Questions - Corona Work Life project - WageIndicator. Laos has not applied an increase in its minimum wage since 2018. Changes in minimum wage rates are likely to be of significant concern to apparel brands and retailers sourcing from Southeast Asia in 2019, with pay in many countries continuing on an upward trajectory. Back then, the Laotian government increased the minimum wage for all businesses and factories from 900,000 kip (US$101) to 1.1 million kip (US$124) a month. According to the Lao Federation of Trade Unions, last year Laos had about 551,200 labourers, many of whom are largely unskilled, with some 70 percent working in the industrial sector. History. The monthly minimum wage for all private sector workers is 1,100,000 kip, 18 (roughly US$130) along with a meal allowance of 50,000 kip per day (roughly US$5.90). Alternative approaches are also explored. Laos has yet to implement an increase in its minimum wage since 2018. Minimum wages under such policies increased by an average 12.6 percent rate between 2008-2012. This page provides - Vietnam Minimum Wages- actual values, … The last increase in minimum wage was made in 2015 where the it was changed from LAK626,000 to LAK900,00 a month. Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. Minimum Wage Cheats To Be Punished. payment of wage or salary in other labour units. The old minimum wage of K3600 was set in September 2015. Four regions in China have released a plan to increase minimum wage standards, with more places projected to follow in order to improve the welfare of the people, Economic View reported on Friday. International Wage Comparison International Labour Organization collects statutory nominal gross monthly minimum wage from countries around the world. In 2015, 17 percent of the population were considered ‘lifetime migrants’ in Lao PDR. Laos' yearly minimum wage is $1,057.00 in International Currency.