Hanoi-Vietnam: Indexation rate of monthly salary and income after payment of social insurance premiums

03:45, 11/07/2024

Recently, the Vietnam Ministry of Labor, Invalids and Social Affairs issued Circular 35/2018/TT-BLDTBXH stipulating the indexation rate of monthly salary and income after payment of social insurance premiums.

The formula for adjusting the monthly salary after payment of social insurance premiums in Vietnam is prescribed as follows:

The adjusted monthly salary after payment of social insurance premiums for each year = Total monthly salary as the basis for payment of social insurance premiums for each year x Indexation rate of monthly salary after payment of social insurance premiums

The indexation rate of monthly salary after payment of social insurance premiums of the corresponding year is applied according to Table 1 below:

Year	Before 1995	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006
indexation rate	4.72	4.01	3.79	3.67	3.41	3.26	3.32	3.33	3.20	3.10	2.88	2.66	2.47
Year	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
indexation rate	2.28	1.86	1.74	1.59	1.34	1.23	1.15	1.11	1.10	1.07	1.04	1.00	1.00

Monthly income after payment of social insurance premiums in Vietnam will be adjusted according to the formula:

The adjusted monthly income after payment of social insurance premiums for each year = Total monthly income as the basis for payment of social insurance premiums for each year x Indexation rate of monthly income after payment of social insurance premiums of the corresponding year

The indexation rate for monthly income after payment of social insurance premiums is applied as follows:

Year	2008	2009	2010	2011	2012	2013
indexation rate	1.86	1.74	1.59	1.34	1.23	1.15
Year	2014	2015	2016	2017	2018	2019
indexation rate	1.11	1.10	1.07	1.04	1.00	1.00

Detailed content maybe found in Circular 35/2018/TT-BLDTBXH which takes effect from February 15, 2019. The regulations in this Circular apply from January 1, 2019.

- Thuy Trang -

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