According to the State Budget Estimate Resolution for 2018 recently approved by the National Assembly of Vietnam, the statutory pay rate will be adjusted upward from VND 1.3 million to VND 1.39 million starting from July 1, 2018. Consequently, certain salary and allowance amounts will increase accordingly. To be specific:
Circular 47/2015/TT-BLDTBXH guiding the implementation of certain provisions on authorization for signing labor contracts, wages, severance allowances, and job loss allowances
Circular 103/2016/TT-BTC guides the determination of demand, sources, and methods of expenditure to implement the adjustment of the statutory pay rate according to Decree 47/2016/ND-CP.
The region-based minimum wage is the lowest wage level used as the basis for enterprises to determine the wage levels in their wage scales and payrolls; agree on the wage level in the employment contract and pay wages to employees. According to the regulations, enterprises operating in any area shall apply the region-based minimum wage stipulated for that area.
This is one of the prominent contents related to the issue of wages proposed by the Ministry of Labor, War Invalids and Social Affairs in the amendment and supplementation of certain Articles of the Labor Code 2012.
In recent years, domestic workers have made significant contributions to economic development, providing a relatively stable source of income for workers. The Labor Code has provisions regarding domestic servants; however, there are still many limitations.
In the Draft Report on the 3-Year Review of the Implementation of the Labor Code, the Ministry of Labor, Invalids and Social Affairs of Vietnam discussed and assessed certain provisions related to minor employees. Additionally, it proposed several beneficial regulations for minor employees.
Labor laws are enacted and applied in practice with the primary aim of protecting the legitimate rights and interests of employees. Particularly, in the current context, female workers constitute a significant portion of the workforce in our country. The State also stipulates certain policies to ensure the health and rights of female employees participating in the labor force.
From January 1, 2018, numerous regulations regarding salaries, taxes, and social insurance in Vietnam officially come into effect. Below, Lawnet will highlight the 10 most notable regulations, including:
After Part 1, Thu Ky Luat continues to introduce Part 2 with the remaining 5 regulations related to salary, tax, and social insurance effective from January 1, 2018.
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