Pursuant to Point 2.6, Clause 2, Article 6 of Decision 595/QD-BHXH dated April 14, 2017, the minimum monthly salary for compulsory social insurance payment is for employees doing the simplest job or title under working conditions. Normal salary: Not lower than the regional minimum wage at the time of closing. Maximum salary for compulsory social insurance from July 1, 2023: On November 11, 2022, the National Assembly passed a Resolution on the state budget estimate for 2023. Accordingly, increasing the base salary to 1,800,000 million VND/month (an increase of 20.8% compared to the current base salary). Monthly salary paid for social insurance is equal to 20 times the base salary. Thus, the maximum salary for compulsory social insurance from July 1, 2023 is 36,000,000 VND.

Subjects participating in compulsory social insurance:

Pursuant to Article 2 of the Law on Social Insurance 2014, subjects participating in compulsory social insurance payment include:

  • People working under an indefinite-term labor contract, a definite-term labor contract, a seasonal labor contract or a certain job with a term from 3 months to less than 12 months, including including the labor contract signed between the employer and the legal representative of the person under 15 years old according to the provisions of labor law;
  • People working under labor contracts with a term of from 01 full month to less than 03 months;
  • Officials and civil servants;
  • Defense workers, police workers, and people working in other cipher organizations;
  • Officers and professional soldiers of the People’s Army; officers, professional non-commissioned officers, officers, technical non-commissioned officers of the People’s Public Security; People who do cipher work are paid the same as soldiers;
  • Non-commissioned officers and soldiers of the People’s Army; non-commissioned officers and soldiers of the People’s Public Security serving for a limited period of time; Military, police, and cipher students studying are entitled to living expenses;
  • People working abroad under contracts specified in the Law on Vietnamese workers working abroad under contracts;
  • Business managers and cooperative managers receive salaries;
  • People who work part-time in communes, wards, and towns.
  • Employees who are foreign citizens working in Vietnam with a work permit or practice certificate or practice license issued by a competent Vietnamese agency are entitled to participate in mandatory social insurance according to regulations. Government regulations.

Compulsory social insurance contributions

Pursuant to Article 89 of the Law on Social Insurance 2014, the monthly salary paid for compulsory social insurance in 2023 includes:

For employees subject to the salary regime prescribed by the State, the monthly salary for social insurance payment is the salary according to rank, grade, military rank and position allowances, seniority allowances. exceeding the limit, seniority allowance (if any). For people working part-time in communes, wards and towns, the monthly salary paid for social insurance is the base salary. For employees who pay social insurance according to the salary regime decided by the employer, the monthly salary for social insurance payment is: Salary + Salary allowance, including:

  • Salary allowances to compensate for factors such as working conditions, complexity of work, living conditions, and level of labor attraction for which the salary agreed in the labor contract has not been taken into account or calculated. not enough;
  • Salary allowances are linked to the employee’s work history and performance results.
  • Other additional amounts as prescribed by labor law.