Vietnam to raise pensions and social security benefits from July 1
Around 3.4 million pensioners and social insurance beneficiaries will receive an 8% increase under the government’s latest social welfare measures.
Vietnam will implement a series of social welfare adjustments from July 1, increasing pensions, social insurance benefits and assistance payments for millions of people as part of efforts to offset inflation and improve living standards.
Under Government Decree No. 161/2026, the statutory base salary will increase from VND2.34 million ($92) to VND2.53 million ($100) per month from July 1. The adjustment will trigger corresponding increases in a wide range of pension, social insurance, health insurance and welfare benefits, as well as insurance contribution levels.
Pension increase for 3.4 million beneficiaries
One of the most significant changes is an 8% increase in pensions, social insurance benefits and monthly allowances for approximately 3.4 million beneficiaries.
Under the new regulations, individuals whose monthly payments remain below VND3.8 million ($150) after the 8% increase will receive additional adjustments aimed at ensuring a minimum income level.
Beneficiaries receiving VND3.5 million ($138) per month or less will receive an additional VND300,000 ($12) monthly supplement.
Those whose monthly benefits exceed VND3.5 million but remain below VND3.8 million after the increase will have their payments adjusted to VND3.8 million per month.
The policy applies to nine groups of pension and social insurance beneficiaries receiving monthly payments.
Social insurance benefits adjusted upward
With the increase in the statutory base salary, a range of social insurance benefits will also rise.
The one-time maternity allowance will increase from VND4.68 million ($185) to VND5.06 million ($200) per child.
Recovery allowances following childbirth or illness will increase from VND702,000 ($28) to VND759,000 ($30) per day.
Benefits for workers suffering from occupational accidents or occupational diseases will also rise. The one-time payment for workers assessed with a 5% loss of working capacity will increase to VND12.65 million ($500).
Monthly caregiving allowances for severely disabled workers will rise to VND2.53 million ($100), while compensation payable when a worker dies as a result of an occupational accident or disease will increase to more than VND91 million ($3,600).
Funeral grants will rise from VND23.4 million ($925) to VND25.3 million ($1,000).
Monthly survivor benefits for eligible family members will increase to between VND1.265 million ($50) and VND1.771 million ($70), depending on individual circumstances.
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