Resolution 27/2016/QH14 on the increase of the statutory pay rate in 2017 has been issued

16:59, 11/07/2024

Adjustment of the statutory pay rate to 1,300,000 VND/month is an important content mentioned in Resolution 27/2016/QH14 of the National Assembly on the state budget estimate for 2017.

executing the adjustment of statutory pay rate from 1,210,000 VND per month to 1,300,000 VND per month, adjusting pensions, social insurance allowances, and preferential allowances for those with meritorious services to be increased by the statutory pay rate starting from July 01, 2017.

The central budget ensures funds for adjusting pensions, social insurance allowances (for subjects guaranteed by the state budget), and preferential allowances for those with meritorious services; supports an additional part of the increased salaries for some localities with difficult budgets that cannot balance sources as prescribed by the Government of Vietnam.

At the same time, the Resolution also mentioned the issuance of 50,000 billion VND of government bonds in 2017 to invest in important and urgent projects in the Medium-term Public Investment Plan; allowing the transfer of unallocated government bond capital in the 2016 plan to 2017.

See detailed content at Resolution 27/2016/QH14.

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