Vietnam: The statutory pay rate in 2020 will have significant differences compared to those of the previous years

00:43, 10/07/2024

According to the estimate, the statutory pay rate in 2020 applicable to officials and public employees is increased to VND 1.6 million, an increase of VND 110,000 compared to 2019. This is the highest statutory pay rate increase in recent years. As expected, the 2020 statutory pay rate for officials and public employees will be increased to 1.6 million VND, an additional 110,000 VND compared to 2019. This is the highest base salary increase in recent years.

The regulation on increasing the statutory pay rate mentioned above is based on the Resolution on the state budget estimates for the year 2020, which may be approved at the 8th session of the 14th National Assembly coming soon.

statutory pay rate 2020 significant difference

Illustration (Source: Internet)

Compared to the statutory pay rate of previous years, which only saw increases of 60,000 VND, 90,000 VND, 100,000 VND, the statutory pay rate in 2020 may see the highest increase with an increment of 110,000 VND.

For a clear distinction between the statutory pay rate of 2020 compared to previous years, everyone can follow the table below.

Effective Time	Statutory Pay Rate	Legal Basis
From October 1, 2004 - September 30, 2005	290,000	Decree 203/2004/ND-CP
From October 1, 2005 – September 30, 2006	350,000	Decree 118/2005/ND-CP
From October 1, 2006 – December 31, 2007	450,000	Decree 94/2006/ND-CP
From January 1, 2008 – April 30, 2008	540,000	Decree 166/2007/ND-CP
From May 1, 2009 – April 30, 2009	650,000	Decree 33/2009/ND-CP
From May 1, 2010 – April 30, 2011	730,000	Decree 28/2010/ND-CP
From May 1, 2011 – April 30, 2012	830,000	Decree 22/2011/ND-CP
From May 1, 2012 – June 30, 2013	1,050,000	Decree 31/2012/ND-CP
From July 1, 2013 – April 30, 2016	1,150,000	Decree 66/2013/ND-CP
From May 1, 2016 – June 30, 2017	1,210,000	Decree 47/2016/ND-CP
From July 1, 2017 – June 30, 2018	1,300,000	Decree 47/2017/ND-CP
From July 1, 2018 – June 30, 2019	1,390,000	Decree 72/2018/ND-CP
From July 1, 2019 – Expected to June 30, 2020	1,490,000	Resolution 70/2018/QH14
Expected from July 1, 2020	1,600,000	Resolution on the state budget estimates for the year 2020

Duy Thinh

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