Vietnam Officially Confirms Pension and Social Security Allowance Increase Starting July 1
The Vietnamese government has issued Decree 162/2026, mandating an 8% increase in pensions and social security allowances effective July 1, 2026, with additional adjustments for low-income recipients.
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- Vietnam Government Announces 8% Increase in Pensions and Social Insurance Benefits Starting July 1, 2026
The Vietnamese government has issued Decree No. 162/2026/NĐ-CP, mandating an 8% increase in pensions and social insurance benefits effective July 1, 2026, with a minimum monthly floor of 3.8 million VND for low-income beneficiaries.
- Vietnam to increase pensions and social allowances by 8% starting July 1
The Vietnamese government will implement Decree 162 on July 1, increasing pensions and social allowances by 8% for nine beneficiary groups, including civil servants and veterans, with a total budget impact of nearly 10.8 trillion VND.