The exchange rate for social insurance contribution for second half of Y2017
Pursuant to point a, clause 7, Section D of the Circular 03/2007/TT-BLDTBXH, the official exchange rate for second half of year is the average exchange rate on inter-bank foreign currency market announced by the State Bank of Vietnam on July 01.
Based on the Announcement no. 213/TB-NHNN of the State Bank, the exchange rate of of Vietnam dong to US dollar that is applied on July 03, 2017 is 22.431 dong /USD. Hence, the exchange rate for second half of year for employees who have salary and wages paid by foreign exchange as per labor contract is 22.431 dong/ USD (Twenty two thousand four hundred and thirty one dong).
Recently, the Ho chi minh social insurance department issued the Announcement no. 1383/BHXH-QLT sending to all of employer in city concerning applying of this exchange rate (22.431 dong / USD) from July 03, 2017.