HÀ NỘI — The Government is pressing for a 15 per cent increase in pensions and social insurance benefits that would take effect on July 1. The increase would be applied to pensioners and social insurance beneficiaries across the board. At the same time, the monthly social assistance to disadvantaged people would be lifted from VNĐ360,000 to VNĐ500,000. The overall impact of the measures is expected to be substantial, affecting approximately 18 million social insurance beneficiaries, 50 million people receiving state-subsidised health insurance, 30 million people covered under provincial-level social assistance policies, and 16 million students. The 30 per cent increase in the basic monthly salary marks the highest such increase in history.

Source: Viet Nam News June 22, 2024 22:43 UTC