GUIDANCE FOR PAYROLL FOR PUBLIC OFFICIALS FROM JULY 01, 2018
On May 31, 2018, the Ministry of Internal Affairs issued the Circular No. 06/2018/TT-BNV on guiding the employees on payroll in bodies, organizations and agencies of the Vietnam communist party and the government, and political or social organizations and associations
From July 01, 2018, the payroll of above objectives is adjusted to increase by VND 1.39 million/month (in accordance with the Decree No. 72/2018/ND-CP), therefore:
Formula for calculating amount of pay:
Amount of pay effective from July 01, 2018 = Statutory pay rate VND 1,390,000 per month x Current pay coefficient
Formula for calculating amount of allowance:
- In case of allowance calculated according to statutory pay rate:
Amount of allowance effective from July 01, 2018 = Statutory pay rate VND 1,390,000 per month x Current allowance coefficient
- In case of allowances calculated according to current pay plus (+) leadership allowance and extra-seniority allowance (if any):
Amount of allowance effective from July 01, 2018 = Amount of pay effective from July 01, 2018 + Amount of leadership allowance effective from July 01, 2018 (if any) + Amount of extra-seniority allowance effective from July 01, 2018 (if any) + Rate of current allowance as prescribed
In case of allowances set as fixed amounts, they will remain unchanged in as per the law in force.
This Circular takes effect on July 15, 2018.
