From May 1, 2016, Basic Salary Increases to VND 1,210,000

13:31, 11/07/2024

On November 11, 2015, the National Assembly issued Resolution 99/2015/QH13 on the state budget estimates for 2016.

The National Assembly has approved the state budget estimate for 2016 and decided that from May 1, 2016, the statutory pay rate will be increased by 5%.

- The current statutory pay rate is 1,150,000 VND/month as stipulated in Decree 66/2013/ND-CP and will be increased to 1,210,000 VND/month;

- This adjusted wage level applies to officials and public employees, those receiving salaries or allowances working at agencies, organizations, public service providers of the Communist Party, State, political-social organizations, and special characteristic associations at the Central, provincial, district, and communal levels, and the armed forces.

For those receiving pensions, preferential allowances for people with meritorious services, and low-income individuals (with a wage coefficient of 2.34 or lower), the increase of 8% as implemented in 2015 will be maintained, effective from January 1, 2016.

Detailed content can be viewed in Resolution 99/2015/QH13.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn