Vietnam: Increased social insurance, minimum wage amounts

Vietnam: Increased social insurance, minimum wage

Changes to the labour and compulsory insurance regulations in Vietnam reflect new policies introduced and effective generally beginning 1 January 2016. Some changes are effective later this year. The new policies and changes may result in increases to a company’s employment costs.

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Among the changes that will affect employment costs in 2016 are the following:

  • An increase in the base amounts for social insurance, health insurance, and unemployment insurance contributions
  • An increase in the regional minimum wage and base salary amounts

Employers also need to consider the government’s stricter approach to enforcement and collection of social insurance and trade union fees. 


Read a January 2016 report [PDF 139 KB] prepared by the KPMG member firm in Vietnam: Key Changes in Labour and Compulsory Insurance Regulations from 2016    

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