Principle of calculation
Social security contributions are determined based on an employee's monthly salary or wage as defined under the labour contract. While payable amounts shall differ depending on compensation of an employee, it should be noted that there is a maximum cap for calculation of compulsory social security contributions. From 1 July 2023, the highest salary for compulsory social insurance, occupational accident and disease insurance and health insurance is VND 36,000,000 per month (USD 1,478.44). The cap is 20 times the common minimum wage for SI and HI and 20
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Web page updated on 17 Mar 2025 14:32