Before the outbreak of Covid-19 pandemic, the National Assembly has passed the Resolution No. 86/2019/QH14 regarding the 2020 state budgetary estimate under which the intention saying “The statutory minimum rate of pay will be increased from 1.49 million dong/month to 1.6 million dong/month from July 1, 2020" has been ratified.
According to annual practices, following the National Assembly’s Resolution, the Government will issue the Decree on the statutory minimum rate of pay for public officials, public servants, public employees and members of armed forces in compliance with guidelines stated in the Resolution. This means that, from January 1, 2021 to June 30, 2021, the statutory minimum rate of pay will be 1,600,000 dong/month.
However, due to Covid-19 impacts, the Politburo and the National Assembly have decided not to raise the statutory minimum rate of pay from July 1, 2020 whilst waiting for new notification.
Latest update: On November 12, 2020, with the approval rate reaching 92.53%, the National Assembly officially passed a Resolution on the state budget estimate in 2021.
In the newly passed Resolution, the National Assembly assigned the Government to implement a number of measures to manage the state budget-finance tasks in 2021. Here, notably, in 2021, no adjustment has been made.
Thus, up to the present time, the base salary from 01/01/2021 is expected to remain at 1,490,000 VND / month.
The year 2020 is a difficult year due to the impact of the Covid-19 pandemic. If the salary increase continues, the state budget will face difficulties because it has been spent before and will have to spend in the later period to support those affected by the epidemic, most of whom are working people. have a stable source of income. The postponement of the salary increase at this time is an act of sharing the difficulties of the contingent of civil servants, civil servants, and the armed forces with the state, with the Government and workers in difficulty. The job is very meaningful and really necessary! "- (Source: Law Library)
Faro Vietnam will keep our dearest Customers promptly informed of the Government’s new notices of the statutory minimum rate of pay.
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