Vietnam: How to adjust the monthly salaries for which the social insurance premiums have been paid?

20:49, 02/01/2016

Recently, the Minister of Labor, War Invalids and Social Affairs of Vietnam issued Circular No. 58/2015/TT-BLDTBXH stipulating the adjustment rate of salaries and monthly incomes for which the social insurance premiums have been paid.

dieu chinh tien luong thang dong BHXH, 58/2015/TT-BLĐTBXH

According to Article 2 of Circular No. 58/2015/TT-BLDTBXH of the Ministry of Labor, War Invalids and Social Affairs of Vietnam, the monthly salaries for which social insurance premiums have been paid of the entities regulated in Clause 1 Article 1 of this Circular shall be adjusted by the following formula:

Monthly salaries for which social insurance premiums have been paid after annual adjustment

Total salaries of month for which social insurance premiums have been paid upon the employer’s decision in each year

Adjustment rate of salaries for which social insurance premiums have been paid in corresponding year

In which, the adjustment rate of salaries for which social insurance premiums have been paid in respective year shall comply with the following Table 1:

Table 1:

Year	Before 1995	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005
Adjustment rate	4.29	3.64	3.44	3.33	3.09	2.96	3.01	3.02	2.91	2.82	2.62	2.42
Year	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016
Adjustment rate	2.25	2.08	1.69	1.58	1.45	1.22	1.12	1.05	1.01	1.00	1.00

Moreover, as for the workers who have both period of paying social insurance premiums as entities enforcing the scheme of salaries prescribed by the State and period of paying social insurance premiums under the salary scheme decided by employers, the monthly salaries for which social insurance premiums have been paid upon the salary scheme decided by employers shall be adjusted as regulated above.

View more details at: Circular No. 58/2015/TT-BLDTBXH of the Ministry of Labor, War Invalids and Social Affairs of Vietnam takes effect from February 15, 2016.

Thu Ba

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