NEWSLETTER JUNE 2024
Insurance Adjustment of base salary and regional minimum salary from 1 July 2024 On 30 June 2024, the Government issued Decree No. 73/2024/ND-CP and Decree No. 74/2024/ND-CP. The contents are as follows: – Base salary The base salary increases by 30% from VND 1,800,000 to VND 2,340,000. Therefore, the maximum salary used as a basis for calculating payment of Social Insurance, Health Insurance, Labor accident & occupational disease insurance and Union fees (i.e. 20 times the base salary) will increase from VND 36,000,000/month to VND 46,800,000/month. – Regional minimum wage The regional minimum wage increases by 6% as follows: Unit:...