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National Assembly approves increase in basic salary to 2.34 million VND from July 1

Việt NamViệt Nam29/06/2024


In the resolution of the 7th session passed on the morning of June 29, the National Assembly agreed to reform wages with a plan to increase the basic salary from 1.8 to 2.34 million VND per month from July 1, 2024.

The National Assembly also agreed to increase the current pension and social insurance benefits by 15%. Those who received pensions before 1995, if after adjustment they receive less than 3.2 million VND per month, will have their pensions adjusted to increase by 300,000 VND/month; those who receive from 3.2 to less than 3.5 million VND/month will have their pensions adjusted to equal 3.5 million VND/month.

In addition, preferential allowances for meritorious people at the standard level also increased by 35.7% from 2,055 to 2,789 million VND/month. Social assistance standards increased by 38.9%, from 360,000 to 500,000 VND/month; regional minimum wages increased by an average of 6%, effective from July 1.

For units that are applying special financial and income mechanisms at the Central level, the National Assembly proposed to continue reviewing the entire legal framework to have a basis for submitting to competent authorities to decide to amend or abolish the special financial and income mechanisms of agencies accordingly before December 31, 2024. The difference between the salary and additional income in June 2024 of cadres, civil servants and public employees and the salary from July 1 after amending or abolishing the special financial and income mechanisms will be reserved.

The National Assembly assigned the National Assembly Standing Committee to consider regulations on salaries and policies for full-time National Assembly deputies, full-time People's Council deputies, cadres, civil servants, public employees, and other workers of the National Assembly Office.

The National Assembly approved the increase in basic salary to 234 million VND from 17 million VND.
Minister of Home Affairs Pham Thi Thanh Tra (right cover) and delegates vote at the National Assembly on the morning of June 29. Photo: National Assembly Media

Because the conditions for implementing 9 new allowances as in the resolution on salary reform are not met, the National Assembly agreed to keep the current allowances such as allowances for leadership positions, concurrent positions, seniority beyond the framework, and professional responsibilities.

From July 1, civil servants and public employees' salaries are still calculated based on the basic salary multiplied by the current coefficient depending on each group. Allowances are calculated based on the base of 2.34 million VND multiplied by the coefficient. In addition, allowances calculated as a percentage of current salary plus position allowance and seniority allowance (if any) are calculated by multiplying the total basic salary plus that allowance by the percentage enjoyed.

According to the Ministry of Finance 's calculations, the budget for adjusting the basic salary by 30%, the bonus of 10% of the basic salary fund, adjusting the pension and cumulative allowance for the 3 years 2024-2026 must increase by 913,300 billion VND. By the end of 2023, the whole country will have set aside 680,000 billion VND for salary reform.

At the 7th session, the 15th National Assembly passed 11 laws and 21 resolutions; gave initial opinions on 11 draft laws, with the investment policy for the national target program on cultural development for the 2025-2035 period; gave opinions on the draft planning of Hanoi Capital for the 2021-2030 period, with a vision to 2050; and the draft project to adjust the overall planning of Hanoi until 2045, with a vision to 2065.

According to vnexpress.net



Source: https://baohanam.com.vn/chinh-tri/nguoi-dai-bieu-nhan-dan/quoc-hoi-chot-tang-luong-co-so-len-2-34-trieu-dong-tu-1-7-126616.html

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