With effect from 1 July 2019, Vietnam has increased the standard minimum monthly salary from VND 1.39 million to VND 1.49 million. With the increase, the basis caps for social insurance and health insurance contributions are increased accordingly to VND 29.8 million (20 times the minimum monthly salary).
The regional minimum monthly salary is also increased with effect from 1 July 2019 to VND 4.18 million for Region 1, VND 3.71 million for Region 2, VND 3.25 million for Region 3, and VND 2.92 million for Region 4. With the increases, the basis caps for unemployment insurance are increased accordingly to VND 83.6 million, VND 74.2 million, VND 65.0 million, and VND 58.4 million for the respective regions.
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