[INSURANCE] ANNOUNCEMENT OF GENERAL MINIMUM WAGE ADJUSTMENT STARTED FROM JULY 2020

[INSURANCE] ANNOUNCEMENT OF GENERAL MINIMUM WAGE ADJUSTMENT STARTED FROM JULY 2020

Pursuant to Resolution No. 86/2019/ QH14, from July 01, 2020, the General Minimum Wage (GMW) will be officially increased from VND 1,490,000/ month to VND 1,600,000/ month (increasing 110,000 VND / month). Accordingly, with the increased GMW, the cap for Social insurance, Health insurance and Maternity allowance (in addition to 6 months of benefit) is as follows: The cap for social insurance, health insurance (old) […]

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