Table of Contents
ToggleHere are Vietnam’s statutory updates for 2026.
Effective March 2026
Vietnam to Raise Monthly Personal Income Tax Deductions
The Government of Vietnam has proposed an increase in monthly personal income tax (PIT) deductions, set to take effect from March 2026, to better reflect economic conditions and rising living expenses.
Key Points:
- The standard deduction for taxpayers will increase from VND 11 million to VND 15 million per month.
- The deduction for each dependent will rise from VND 4.4 million to VND 6 million per month.
- The adjustment aims to ease the tax burden on low- and middle-income earners and account for inflation since the last revision in 2020.
- The changes are included in a draft amendment to Vietnam’s Personal Income Tax Law, currently undergoing public consultation.
- If approved, the new deductions will apply to taxable income starting March 2026.
Source: Government of Vietnam
Effective January 2026
Vietnam Raises Minimum Monthly and Hourly Wages Across All Regions
The Government of Vietnam has issued Decree No. 293/2025/ND-CP, signed by Deputy Prime Minister Ho Duc Phoc on 10 November 2025, to revise the minimum wage rates for employees working under labour contracts. The new wage levels will take effect from 1 January 2026.
Key Updates:
- The updated decree sets out both minimum monthly and hourly wages by region, replacing previous rates.
- New minimum monthly wages:
- Region I: VND 5,310,000
- Region II: VND 4,730,000
- Region III: VND 4,140,000
- Region IV: VND 3,700,000
- New minimum hourly wages:
- Region I: VND 25,500
- Region II: VND 22,700
- Region III: VND 20,000
- Region IV: VND 17,800
- These wages apply to employees working under labour contracts in accordance with the Labour Code.
- The list of provinces and cities in each region is defined in the Appendix of the decree.
- Employers are advised to review payroll structures and employment contracts to ensure full compliance from 1 January 2026.
Source: Government of Vietnam