Amendments to various circulars on salary scales, salaries, and wage allowances for employees in Vietnam

Quoc Tuan

17:38, 25/11/2024

On November 14, 2024, the Minister of Labor, War Invalids and Social Affairs of Vietnam issued Circular 12/2024/TT-BLDTBXH amending and supplementing 10 Circulars guiding the implementation of labor management, salaries, remuneration, and bonuses for the Vietnam Deposit Insurance, Vietnam Asset Management Company of credit institutions, Vietnam Television, Local Development Investment Fund, State Capital Investment Corporation, Credit Guarantee Fund for Small and Medium Enterprises, Small and Medium Enterprise Development Fund, National Technology Innovation Fund, Cooperative Development Support Fund, and guidance on labor management, salaries, remuneration, and bonuses for the single-member limited liability company of Vietnam Debt Trading.

Amendments to various circulars on salary scales, salaries, and wage allowances for employees in Vietnam

Circular 12/2024/TT-BLDTBXH amends and supplements the following 10 Circulars related to the guidance on the management of labor, salaries, remuneration, and bonuses for employees in Vietnam:

- Circular 32/2016/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the Vietnam Deposit Insurance.

- Circular 37/2016/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the Asset Management Company of Vietnamese Credit Institutions.

- Circular 34/2016/TT-BLDTBXH provides guidance on the management of labor and salaries for Vietnam Television.

- Circular 45/2016/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for local development investment funds.

- Circular 16/2018/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for employees and managers of the State Capital Investment and Business Corporation.

- Circular 04/2019/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the Credit Guarantee Fund for Small and Medium Enterprises.

- Circular 34/2019/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the Small and Medium Enterprise Development Fund.

- Circular 12/2022/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the National Technology Innovation Fund.

- Circular 13/2022/TT-BLDTBXH provides guidance on the management of labor, salaries, remuneration, and bonuses for the Cooperative Development Assistance Fund.

- Guidance on the management of labor, salaries, remuneration, and bonuses for the Debt and Asset Trading Corporation of Vietnam (DATC) according to Circular 26/2016/TT-BLDTBXH.

More details can be found in Circular 12/2024/TT-BLDTBXH effective from December 29, 2024.

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