News Regulations31 May 2019

Vietnam:Govt to introduce new regulations for social insurance

The Vietnam government is set to increase the minimum basic salary cap for social insurance to VND29.8m ($1,295) from the current VND27.8m ($1,208) per month which will take effect from 1 July 2019. This would increase the mandatory social insurance contribution for both employer and employee according to news site Vietnam Briefing citing the government's 'Decree 38/2019/ND-CP' on minimum basic salary.

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