Official Document Adjusting Statutory Pay Rate to 1.49 Million VND/Month

Kim Linh

14:07, 11/07/2024

Recently, on November 09, 2018, the 14th National Assembly passed Resolution 70/2018/QH14 on the state budget estimate for 2019 during its 6th session.

Resolution stipulates the adjustment of the statutory pay rate increase from 1.39 million VND/month to 1.49 million VND/month.

At the same time, pensions, social insurance allowances, monthly allowances, and preferential allowances for those who have contributed to the revolution are also adjusted to increase by the same rate as the statutory pay rate.

The adjustment of the statutory pay rate, pensions, social insurance allowances, monthly allowances, and preferential allowances for those who have contributed to the revolution will be implemented starting July 1, 2019, and the funding will be ensured from the central budget.

See the detailed State budget estimate for 2019 in Resolution 70/2018/QH14 passed on November 9, 2018.

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