Jul 31, 2023 1 min read

New Salary capping limit for payment of Social and Health Insurance (SHI) in Vietnam

Article Navigation

Effective from 1 July 2023, the Ho Chi Minh City Social Insurance authority with Notice no. 2651/TB-BHXH dated 7 Juy 2023 increased the ceiling amount of salary for payment of compulsory social insurance, occupational accident and disease insurance, and health insurance from VND 29,800,000 to VND 36,000,000 per month.

The amended rates will apply to all wages and salaries earned after 1 July 2023.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

Mercans Recommends

View PDF

Vietnam – New Social and Health Insurance (SHI) salary ceiling limit
Size

389.63 KB

Article Navigation

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read