Decree 72/2018/ND-CP: Increase statutory pay rate for CBCC to 1,390,000 VND

08:58, 11/07/2024

the Government of Vietnam has just promulgated Decree 72/2018/ND-CP stipulating the statutory pay rate for officials, public employees, and armed forces.

statutory pay rate

The regulation increases the statutory pay rate for officials and public employees and the armed forces to 1,390,000 VND/month, effective from July 1, 2018.

This statutory pay rate is used as a basis to determine the following amounts:

- Calculate the salary levels in salary tables, allowance levels, and implement other policies according to legal regulations for the subjects specified in Article 2 of this Decree;- Calculate the activity fees and living allowances according to legal regulations;- Calculate deductions and policy benefits according to the statutory pay rate.

More details can be found in Decree 72/2018/ND-CP which takes effect from July 1, 2018, replacing Decree 47/2017/ND-CP.

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