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Bolivia: tax-free, up to one month's wages. A 14th-month bonus is mandatory as a holiday bonus if GDP growth is over 4.5 percent. Brazil: paid in two equal parts, typically by 30 November and 20 December. A mandatory 14th-month bonus is called a "holiday bonus" and is paid in the subsequent month.
Neither of these constitutional documents is in force, as the 1967 Constitution was abrogated when the government of the Republic of Vietnam collapsed in 1975. Upon political reunification of the country in 1976, the 1960 Constitution of the Democratic Republic became the constitution of the Socialist Republic of Vietnam .
The minimum wage set by the government for 2024 is $460 per month without social benefits. Workers receive mandatory 13th and 14th salaries, paid vacations and reserve funds equal to an additional salary after one year of continuous work. [87] 7,130: 11,688. 40 3.43: 5.62. 104 % 1 Jan 2024 Egypt
In 2013, Sotto filed a bill that would mandate all government and non-government employees to receive a 14th month of annual salary. [18] Responding to the Department of Labor and Employment claims that the bill would worsen unemployment if implemented, Sotto said that the existing 13th month pay is not truly a bonus because there are actually ...
The Government was headed by the president, which was the second highest position in Vietnam. Under the president was the Cabinet, which was headed by the prime minister (Thủ tướng). From 1959 to 1980, based on the 1959 Constitution, the executive branch was named as the Council of Government (Hội đồng Chính phủ). The Council of ...
Anhao Paper Factory, 1961. South Vietnam had a small industrial sector and fell far behind other countries in the region in this respect. [1] Output increased 2.5 to 3 times over the 20 years of the country's existence, but the share in total GDP remained at only around 10%, even dropping to 6% in some years, while the economy was dominated by strong agricultural and service sectors. [1]
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
The Ministry of Finance (MOF, Vietnamese: Bộ Tài chính) is the government ministry responsible for the finances of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations.