Vietnam to Raise Minimum Income Base for Voluntary Social Insurance Contributions in 2027

From January 1, 2027, Vietnam will raise its rural poverty threshold from VND 1.5 million to VND 2.2 million per person per month. Because the minimum income base for voluntary social insurance contributions is tied to this threshold, the minimum monthly contribution will be VND 484,000 at the 22% contribution rate, before government subsidies.

Under the 2024 Social Insurance Law and related decrees, the monthly voluntary social insurance contribution is 22% of the selected income base, minus any government subsidy. The maximum income base is 20 times the reference level at the time of payment. Poor households and residents of designated island communes and special zones may receive a subsidy equal to 50% of the contribution calculated on the minimum income base. The subsidy rates for near-poor households, ethnic minority residents and other participants are 40%, 30% and 20%, respectively. Those eligible for more than one subsidy rate receive the highest applicable rate.

Based on the 2027 minimum income base, the minimum monthly contributions after these subsidies will be VND 242,000, VND 290,400, VND 338,800 and VND 387,200, respectively, for the four groups. Using the reference level of VND 2.53 million per month effective from July 1, 2026, the original article calculates a maximum monthly contribution of VND 11,132,000 before subsidies. The actual maximum will depend on the reference level at the time of payment.

Participants who previously prepaid for three, six or 12 months, or made a lump-sum payment covering several future years, will not need to pay the difference on amounts already paid when the minimum contribution base rises in 2027. According to BHXH Việt Nam, approximately 2.66 million people nationwide were enrolled in voluntary social insurance at the end of October 2026.

Source: VietVance