statutory pay rate
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- Funding Source for Adjusting New Statutory Pay Rate in Vietnam
- 21:22, 11/07/2024
- According to the guidelines in Circular 68/2018/TT-BTC, the funding source for adjusting the statutory pay rate in Vietnam as stipulated in Decree 72/2018/ND-CP and the monthly allowances for retired commune officials in Vietnam as stipulated in Decree 88/2018/ND-CP are determined as follows:
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- Hanoi-Vietnam: Notable contents on wages in 2017
- 17:12, 11/07/2024
- Another year is about to pass, putting aside the many worries and concerns of life. Every Tet occasion, families and neighborhoods in Vietnam bustle with preparations for a warm and joyful Tet. Another year will shortly end, and a new year is welcoming with much good news for employees, especially matters related to wages.
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- Distinguishing region-based minimum wage and statutory pay rate in Vietnam
- 14:28, 11/07/2024
- The region-based minimum wage and statutory pay rate are two basic types of wages mentioned in statutory legal documents. The region-based minimum wage and statutory pay rate are fundamentally different concepts in terms of nature, applicable subjects, and specific wage levels. However, many people often confuse these two types of wages.
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- From July 1, 2018: Employees in Vietnam to Receive Increases in Salaries and Allowances
- 12:27, 11/07/2024
- 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:
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- Social Insurance in Vietnam provides guidance on contributions according to new statutory pay rate
- 09:23, 11/07/2024
- On June 01, 2017, Vietnam Social Security (VSS) issued Official Dispatch 2159/BHXH-BT providing guidance on the contribution rates to the Occupational Accident and Disease Insurance Fund and the collection of social insurance, health insurance, unemployment insurance, and occupational accident and disease insurance according to the new statutory pay rate.
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- Payrolls,statutory pay rate chart, and region-based minimum wage in Vietnam over the years
- 08:59, 11/07/2024
- The issues related to salary and bonus are always of particular concern to employees as they directly affect their rights and benefits. Below, Thu Ky Luat would like to send to our esteemed members the payrolls,statutory pay rate chart, and region-based minimum wage in Vietnam over the years over the years to observe the changes in wage levels over the years.
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- 09 Increased Allowances for Employees in Vietnam Effective from July 01, 2018
- 18:53, 10/07/2024
- From July 1, 2018, statutory pay rate in Vietnam increased from 1,300,000 VND/month to 1,390,000 VND/month. Consequently, several allowances for employees that are calculated based on the statutory pay rate will also increase accordingly. For specific information on the amounts of these allowances, please refer to the article below.
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- Overview of Statutory Pay Rate and Regional Minimum Wage Over the Years in Vietnam (2010-2019)
- 18:08, 10/07/2024
- To assist our Customers and Members in monitoring and understanding how the statutory pay rate and regional minimum wage in Vietnam have changed over different periods, Lawnet has compiled the information in the article below.
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- 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.
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- Impact of the increase of statutory pay rate in 2020 to VND 1,600,000 in Vietnam
- 00:36, 10/07/2024
- According to the proposal of the Government of Vietnam in the Report on the evaluation of the implementation of the 2019 State Budget, the State Budget estimate and the Central Budget allocation plan for 2020 reported to the National Assembly on the afternoon of October 21, 2019, the statutory pay rate for 2020 applied to officials and public employees in Vietnam will be increased to VND 1.6 million, which makes an increase of VND 110,000 compared to 2019.
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