The Government has issued Decree No. 161/2026/ND-CP on the new statutory base salary, effective from 01 July 2026. This change directly affects the maximum salary base for compulsory Social Insurance (SI) contributions applicable to employees and employers.
We would like to provide our valued Clients with the following key updates:
1. Change in statutory base salary
• Previous statutory base salary: VND 2,340,000/month (under Decree No. 73/2024/ND-CP).
• New statutory base salary: VND 2,530,000/month (an increase of VND 190,000/month, officially effective from 01 July 2026).
2. Change in the compulsory SI contribution cap from 01 July 2026
Under current regulations, the maximum monthly salary used for compulsory SI contributions is capped at 20 times the statutory base salary. Therefore, when the statutory base salary increases, the SI contribution cap will be adjusted accordingly:
• Previous SI salary cap: VND 2,340,000 × 20 = VND 46,800,000/month.
• New SI salary cap: VND 2,530,000 × 20 = VND 50,600,000/month.
3. Recommendations for enterprises
To ensure compliance with the law and avoid penalties/late-payment exposure:
• HR and Accounting teams should review the list of employees whose SI salary base exceeds the previous cap (VND 46,800,000).
• Relevant upward SI contribution adjustments should be made from the July 2026 payroll period for affected cases.
Original document:
- 📄 Download Decree 161/2026/ND-CP dated 15 May 2026 issued by Government: here
