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The Government has officially issued Decree 73/2024/ND-CP, stipulating statutory pay rate and bonus policies for Officials, Public employees and Armed Forces.
Key points of Decree 73/2024/ND-CP:
Increase in statutory pay rate:From 01 July 2024, the statutory pay rate increases from VND 1,800,000/ month to VND 2,340,000/ month.
Accordingly, the maximum social insurance salary 2024, from 01 July 2024 is VND 46,800,000/ month (= 20 x the statutory pay rate).
Effective Date:
This Decree takes effect from 01 July 2024.
Decree No. 24/2023/NĐ-CP dated 14 May 2023 issued by the Government, stipulating the statutory pay rate for Officials, Public employees and Armed Forces, expires from 01 July 2024.
