From July 1, 2020, increase the base salary to VND 1,600,000 / month
According to Resolution 86/2019 / QH14, the base salary will increase from VND 1,490,000 / month to VND 1,600,000 / month from July 1, 2020. Thus, the pension, social insurance allowance, the prescribed monthly allowance and preferential allowance for people with meritorious services to the revolution also increased.
Compared to the current level of VND 1,490,000, the base salary will increase by VND 110,000 / month, equivalent to an increase of 7%. Resolution 86/2019 / QH14 assigns a total state budget revenue of 1,512,300,000 million dong, total state budget expenditure is 1,747,100,000 million dong, state budget deficit is 234,800,000 million dong.
Everyone needs to pay attention to this base salary to protect their rights. In addition, you can refer to the information on the Regional Minimum Wage Increase from January 1, 2020.