[Vietnam Legal Updates] Vietnam’s common wage increases to 1.6 million/month from July 1st, 2020

November 13, 2019

With 451 deputies, accounting for 93.37%, the Resolution of the State budget estimated in 2020 was officially adopted. It contains information on increasing the common wage.

Accordingly, the common wage for officials, civil servants, and employees will increase from VND 1.49 million/month to VND 1.6 million/month (increasing amount: 110,000vnd/month).

In addition to this is the rise in salaries, some allowances, pension, social insurance, and monthly benefits, a preferential allowance for people with meritorious services…

The new common wage is effective from July 1, 2020.

At the same time, in the Resolution, the National Assembly also assigned the Government to implement wage reforms in combination with restructuring the organization, streamlining the payroll and raising the financial autonomy of non-business unit’s public.

Tags:  Legal Updates