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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.
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 ...
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar.
Minimum wages under such policies increased by an average 12.6 percent rate between 2008 and 2012. However, the growth rate of minimum wage levels decreased in 2016, reflecting the Chinese government's effort to reduce pressure on enterprises resulting from the uneven growth between labor costs and production rates. [1] [2] [3]
The Ethnic Chinese and Economic Development in Vietnam. Institute of Southeast Asian Studies. ISBN 9789813016668. Ms, Cc (2007). The World and Its Peoples: Eastern and Southern Asia - Volume 6. Marshall Cavendish. Ooi, Keat Gin, ed. (2004). Southeast Asia: A Historical Encyclopedia, from Angkor Wat to East Timor. ABC-CLIO. ISBN 978-1-576-07771-9.
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.
In light of the Đổi Mới (market reforms) adopted by Vietnam beginning on 18 December 1986 and the collapse of the Eastern Bloc, Vietnam adopted a new constitution in April 1992. The 1992 constitution adopted a "socialist oriented market economy", which allowed the development of private economic sectors, but it largely retained the ...