On May 09th 2019, the Government released Decree No 38/2019/ND-CP stipulating new basic salary. Accordingly, from July 1st, 2019, the basic salary is VND 1,490,000 per month with an increase by VND 100,000 per month compared to the current regulations. Therefore, the social insurance premium ceiling and employee benefits according to the basic salary level will also change from July 1st, 2019.
The decree No 8/2019/ND-CP takes effect from July 1st, 2019 and replacing Decree No 72/2018/ ND-CP dated May 15th, 2018.
