The outstanding policy takes effect from July

At the 7th session resolution passed on the morning of June 29, the National Assembly agreed to reform wages, increasing the base salary from July 1. The National Assembly also agreed to increase current pensions and social insurance benefits by 15%. If a person receiving a pension before 1995 receives less than 3.2 million VND per month after adjustment, the adjustment will increase by 300,000 VND/month; People receiving from 3.2 to less than 3.5 million VND/month will be adjusted to equal 3.5 million VND/month.

In addition, preferential benefits for meritorious people at the standard rate also increased by 35.7% from 2,055 to 2,789 million VND/month. Social assistance standard increased by 38.9%, from 360,000 to 500,000 VND/month; The regional minimum wage increased by an average of 6% effective from July 1.

For units that are applying specific financial and income mechanisms at the Central level, the National Assembly recommends continuing to review the entire legal framework to have a basis for submitting to competent authorities to decide on amendments or abolition. appropriate financial mechanisms and specific income of agencies before December 31, 2024. The difference between the salary and increased income in June 2024 of cadres, civil servants and public employees and the salary from July 1 after the amendment or abolition of the financial mechanism and specific income will be guaranteed. save.

According to Circular 28 issued by the Ministry of Public Security on June 29, in addition to paper copies, traffic participants can present the following documents to the traffic police via the VNeID application: Driver's license; Certificate of training in legal knowledge about road traffic; diplomas and certificates for operating specialized motorbikes; Vehicle registration or certified copy of vehicle registration with original valid receipt from credit institution.

In Decree 69/2024, effective from July 1, the Government stipulates that electronic identification is presented as a feature and utility on citizens' VNeID accounts. The display form of the electronic identification card will be prescribed by the Minister of Public Security.

Electronic identification cards are issued at the same time as level 2 electronic identification accounts for Vietnamese citizens. People who already have level 2 electronic identification accounts, the Ministry of Public Security is responsible for creating and displaying electronic identification for them on VNeID from July 1.

This document also states that electronic identification cards have the same legal value as hard copy identification cards. Electronic identification is permanently stored in the electronic identification and authentication system. Historical information about the use of electronic identification cards is also stored on the system for a period of 5 years from the time of use.

People can register birth, permanent residence and health insurance cards for children under 6 years old at the same time on the public service portal, starting from July 1.

Decree 63/2024 regulates electronic communication of 22 groups of administrative procedures including birth registration, permanent residence, issuance of health insurance cards for children under 6 years old and death registration, deletion of permanent residence registration, resolve funeral and death expenses.

Accordingly, people who handle administrative procedures electronically do not have to submit paper copies. The processing method is changed from pre-check to post-check. Administrative procedures carried out jointly have the same legal value as other forms and do not increase costs for individuals and organizations.

Information in the electronic declaration, if already available in the database on population, civil status, and insurance, will be automatically filled in by the connected public service software. Electronic records and forms of each procedure are also automatically separated by interconnected public service software to be transferred to the competent authority for resolution.

Also at the Resolution of the 7th session, the National Assembly extended the time to apply VAT tax of 8%, a reduction of 2% compared to the current one, until the end of this year. Similar to previous times, the 2% VAT reduction applies to some groups of goods and services. Sectors that continue to not receive this tax reduction include real estate, securities, banking services, telecommunications, information technology, coke, chemical products, goods and services subject to special consumption tax. special.

Extending the 2% tax reduction period until the end of this year is expected to reduce budget revenue in the second half of this year by about 24,000 billion VND (equivalent to 4,000 billion VND a month). Overall, the budget is estimated to decrease by VND 47,500 billion for the whole year.

Decision 2345 of the State Bank on safety and security solutions in online payments and bank cards takes effect from July 1. In particular, authentication in online banking payments on the Internet (including Internet Banking and Mobile Banking) will be divided into four levels, from simple to complex.

The simplest transaction is type A, customers only need to authenticate with username, password or PIN, and are not required to authenticate at the transaction step if they have logged in before. This form is only applied to information lookup transactions; Transfer money within the same bank, same account holder or make payment transactions for goods and services under 5 million VND.

Transfer money to others, whether with the same or different banks; Money transfers, deposits, and withdrawals with e-wallets of less than 10 million VND each time and less than 20 million VND per day must be authenticated by OTP, biometric identification attached to the handheld device, or by electronic signature. death safely. Payment transactions for goods and services worth 5-100 million VND in one time or one transaction day must also apply this level.

Biometrics (fingerprint, facial recognition) match data on chip-embedded citizen identification card (CCCD) or electronic identity account belonging to two transaction levels C and D. This authentication requirement applies Applicable to transfers of 10 million VND or more or the total amount transferred per day exceeds 20 million, transactions of goods and services over 100 million VND.