The exchange rate for social insurance contribution for first half of Y2018


Pursuant to point a, clause 7, Section D of the Circular 03/2007/TT-BLDTBXH, the official exchange rate for first 6 months according to the average exchange rate on inter-bank foreign currency market announced by the State Bank of Vietnam on January 02 . Where due to holiday so the State Bank of Vietnam has not announced, it is allowed to take the next day’s exchange rate announced the State Bank of Vietnam.

Based on the Announcement No. 07/BHXH-QLT of the State Bank, the exchange rate of Vietnam dong to US dollar that is applied on Jan 01, 2018 is 22.415 dong /USD. Hence, the exchange rate for first half of year for employees who have salary and wages paid by foreign exchange as per labor contract is 22.415 dong/ USD (Twenty two thousand four hundred and fifteen dong).

Recently, the Ho chi minh social insurance department issued the Announcement No. 07/BHXH-QLT sending to all of employer in city concerning applying of this exchange rate (22.415 dong / USD) from Jan 01, 2018.

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