Morning news 7/31: Are gasoline, housing, and phone allowances subject to social insurance?

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Are gasoline, housing and phone allowances included in social insurance contributions?

News from Vietnam Social Security said it has just answered people about whether gasoline, housing, and phone allowances are required to be included in the social insurance salary fund or not.

Specifically, this content is included in Circular 10/2020 dated November 12, 2020 detailing and guiding the implementation of a number of articles of the Labor Code on the content of labor contracts, collective bargaining councils, and occupations and jobs that have adverse effects on reproductive and child-rearing functions.

Accordingly, other supports and allowances such as bonuses stated in the 2019 Labor Code will be recorded as separate items in the labor contract, including initiative bonuses, mid-shift meal allowances or allowances for gasoline, phone, travel, housing, childcare, and childcare will be recorded as separate items in the labor contract.

Similarly, there is also support money when a worker has a relative who dies, a worker has a relative who gets married, on the worker's birthday, or for people in difficult circumstances due to work accidents, occupational diseases, etc.

The 2019 Labor Code clearly states that bonuses are money, assets or other forms that employers reward employees based on production and business results and work completion levels.

Thus, these amounts are not salaries, salary allowances and other supplements, which means they are not included in the salary used as the basis for compulsory social insurance contributions.

Dat Xanh boss wants to sell millions of shares, earning hundreds of billions of dong

Dat Xanh Group Joint Stock Company (DXG) has just announced information on stock transactions of insiders and related persons according to regulations.

Accordingly, Mr. Ha Duc Hieu - a member of the board of directors - registered to sell nearly 6.4 million DXG shares with the aim of reducing his personal ownership ratio in the enterprise.

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GOLD PRICE UPDATE

The transaction is expected to be carried out between August 4, 2025 and September 1, 2025, through negotiation or order matching on the exchange.

If he completes the entire amount of shares registered for sale, Mr. Hieu will reduce his ownership in Dat Xanh Group from nearly 6.8 million shares to 414,033 shares, corresponding to a sharp decrease in holding ratio from 0.66% to 0.04% of charter capital.

Temporarily calculating at the closing price of DXG shares at 19,300 VND/share, this deal could help Mr. Ha Duc Hieu earn about 123 billion VND.

Mr. Ha Duc Hieu's move to reduce personal ownership took place at a time when DXG shares have increased sharply recently.

Punish Lilama 10

The State Securities Commission has just issued Decision No. 400 on administrative sanctions in the securities sector against Lilama 10 Joint Stock Company located in Hanoi .

Accordingly, this enterprise was fined 112.5 million VND for failing to ensure the structure and number of independent board members.

Specifically, Lilama 10 Joint Stock Company does not have an independent member of the board of directors as prescribed in Point a, Clause 6, Article 15 of Decree No. 156 of the Government regulating administrative sanctions for violations in the field of securities and the securities market.

Mr. Nguyen Duc Tai does not receive salary even though Mobile World makes huge profits.

Mobile World Investment Corporation (MWG) has just announced its financial report for the second quarter of 2025 with positive business results, recording strong growth in both revenue and profit, despite the difficult retail market context.

Specifically, revenue in the quarter reached about VND 37,620 billion, an increase of more than 10% over the same period in 2024. Profit after tax reached nearly VND 1,658 billion, an increase of 41%, and at the same time set the highest level in the history of the business.

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However, it is equally noteworthy that despite the company's impressive performance, many key members of the executive board did not receive any compensation this quarter.

In which, Mr. Nguyen Duc Tai - Chairman of the Board of Directors - continued not to receive salary for the eighth consecutive quarter.

In addition to Mr. Tai, the list of board members who do not receive salaries also includes Mr. Doan Van Hieu Em - CEO of The Gioi Di Dong and Dien May Xanh chains, Mr. Pham Van Trong - CEO of Bach Hoa Xanh, Mr. Dang Minh Luom, Mr. Nguyen Tien Trung and Mr. Do Tien Si.

Among the senior leadership team, only CEO Vu Dang Linh received remuneration during the period, with a total income of nearly 450 million VND.

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