Updated regulations for statutory insurance and payroll calculation in Vietnam

From 1st July there will be a change in the base salary/wages for employees in Vietnam.

The Vietnamese Government issued Decree No. 24/2023/ND-CP was issued on 14th May 2023, which stated that the monthly base salary would increase from its current level of VND1,490,000 to VND1,800,000. This further means that the maximum salary for compulsory Social Insurance (“SI”) & Health insurance (“HI”) contribution (equivalent to 20 times of base salary) will increase from VND29,800,000 to VND36,000,000.

The Social Insurance Agency in Ho Chi Minh City has issued information on the implementation of SHUI processing, SI book and HI card management.

This official letter has been issued in accordance with Decision No 490/QD-BHXH and relates to the processing of SHUI, SI book and HI card management. The requirement relates to the declaration of the correct full name of expatriate employees as presented on their passport while submitting Form D02-LT. The full name of expatriate employees must be in the correct order as presented on their passport.

If you would like further information or advice on the new regulations, please contact us direct.

By scaling, streamlining, or ensuring your people are taken care of, we bring absolute clarity to your global business.

Latest news & insights

 
September 30, 2026 | 3 minute read

Singapore is enhancing childcare leave for working parents, providing more support and new entitlements based...

 
September 30, 2026 | 3 minute read

South Korea proposes increasing the flat tax rate for foreign employees, extending the regime to 2029 and...

 
September 29, 2026 | 2 minute read

Meet Sam Horn, HR Business Partner at activpayroll, and discover her role, expertise and insights on HR,...

Talk to a specialist today and find out how we support the growth of over 500 businesses with a range of activpayroll solutions designed to help your global payroll and people operations succeed.