Monthly minimum salary to increase to 730,000 VND from May
Monthly minimum salary for State
employees will increase to 730,000 VND as of May 1.
The monthly minimum salary for State
employees in Vietnam will increase to 730,000 VND (38.4 USD) from the
present 650,000 VND as of May 1.
According to a Government decree issued on March 25, the new salary will be applied in State-owned agencies, armed forces, political and socio-political organisations and non-productive units.
Employees working at enterprises established under the Law on State-owned Enterprises, and one-member limited liability companies wholly owned by the State will also benefit from the change.
The minimum salary will serve as the base for calculating salaries, allowances and welfare benefits in line with the law.
Also the same day, the Government issued another decree to adjust pensions, welfare benefits and monthly allowances with an increase of 12.3 percent from May 1./.
According to a Government decree issued on March 25, the new salary will be applied in State-owned agencies, armed forces, political and socio-political organisations and non-productive units.
Employees working at enterprises established under the Law on State-owned Enterprises, and one-member limited liability companies wholly owned by the State will also benefit from the change.
The minimum salary will serve as the base for calculating salaries, allowances and welfare benefits in line with the law.
Also the same day, the Government issued another decree to adjust pensions, welfare benefits and monthly allowances with an increase of 12.3 percent from May 1./.
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