Headlines 02/12/2022 15:54 CH

New regulations of Vietnam on the increase of statutory pay rate, pension, and social insurance allowance as of July 1, 2023

Thùy Trang

This is the notable content in Resolution No. 69/2022/QH15 on the state budget estimate 2023, approved by the National Assembly of Vietnam on November 11, 2022.

According to the Resolution, the National Assembly of Vietnam resolves the implementation of policies on salary as follows:

- Postpone the implementation of the comprehensive reform of salary policies according to Resolution No. 27-NQ/TW dated May 21, 2018. 

- From July 1, 2023:

+ Increase the statutory pay rate of officials and public employees to 1.800.000 VND per month;

(Currently, the statutory pay rate is 1.490.000 VND per month according to Decree No. 38/2019/ND-CP ).

+ Increase 12,5% of the pension and social insurance allowance for subjects guaranteed by the state budget and provide additional support for people who retired before 1995 with low benefits;

+ Increase the standard of allowance for meritorious people and ensure that such standard is not lower than the standard of poor households in urban areas and increase 20,8% of expenditures on social security policies that are being associated with the statutory pay rate;

- From January 1, 2023, increase occupational incentive allowance of officers of preventive and grassroots health care according to Conclusion No. 25-KL/TW dated December 30, 2021.

- Continue to implement financial and income policies specific to agencies and units that are implementing them at the central level stipulated by competent authorities with several administrative agencies and units of the State until the comprehensive reform of salary policies.

See more details in Resolution No. 69/2022/QH15 which comes into force as of December 26, 2022.

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