Laws in Vietnam

  Most people still feel confused about these two definitions. After reading this article, readers may find significant differences between wage/salary and income of a person.   Both wage/salary and income are earned by the provision of labor. So, let's see regulations of the 2012 Labor Code currently in force regarding the compensation package that a worker or employee can receive by providing his/her labor:       “Article 90. Wage/salary        1. Wage/salary refers to a sum of money that an employer pays a worker or employee for an agreed-upon work.        Wage/salary includes the work or title-based pay rate, allowances and other supplemental benefit package.        …”   Therefore, whenever a labor relationship between 2 persons, including 1 employers and 1 employee arises, wage/salary will be deemed as a sum of money “swapped” for an employee’s labor and paid by an employer...

As the year 2017 has gone by, are you sure that you have not ignored any regulatory policies regarding labor, salary, social security, health insurance and unemployment insurance?  Let D an L uat forum help you have a quick look at these policies! 1. Base pay rate applied to public officers, servants and employees From January 1, 2017 to June 30, 2017: VND 1,210,000/month From July 7, 2017 to June 30, 2018: VND 1,300,000/month. Calculation of pay and allowance rate from July 1, 2017 to December 31, 2017: Statutory pay rate applied from July 1, 2017 = Base pay rate equaling VND 1,300,000/month x current pay coefficient - With respect to allowances calculated on the basis of base pay rate: Statutory pay rate applied from July 1, 2017 = Base pay rate equaling VND 1,300,000/month x current allowance coefficient - With respect to total allowance calculated by % of current pay rate plus leadership-based allowance and out-of-payroll seniority-based allowance (if any): Allow...