Vietnam: Differences between "compulsory social insurance" and "voluntary social insurance"

Criteria

– Persons working under labor contracts;

– Cadres, civil servants and public employees, officers, Non-ncommissioned officers, soldiers on definite-term service in the people’s public security;

– Part-time staffs in communes, wards and townships;

– Vietnamese guest workers.

– Vietnamese citizens aged full 15 years or older are not eligible to participate in compulsory social insurance.

Benefits

- Sickness;

- Maternity;

- Occupational accident and occupational disease;

- Retirement;

- Survivorship allowance.

- Retirement;

- Survivorship allowance.

Objects subject to payment

When participating in compulsory social insurance, the employer and employee are jointly responsible for paying social insurance.

Khi tham gia BHXH tự nguyện, người tham gia tự đăng ký tham gia tại cơ quan BHXH.

Level of monthly payment

– Employees pay 9% of their salary to pay social insurance premiums to the Social Insurance Fund and Unemployment Insurance Fund.

– Employers pay 18.5% of the salary paid for social insurance to the Social Insurance Fund and the Insurance Fund.

Forms of payment

Forms of payment incldue:

- 3 months

- 6 months

- 12 months

– One-time payment in advance according to the time limit specified in the contract of sending workers to work abroad

 Forms of payment incldue

- Monthly

- 3 months

- 6 months

- 12 months

– One-time payment in advance according to the time limit specified in the contract of sending workers to work abroad

Legal basis

Chapter III of Law Social Insurance Year 2014

Chapter IV of Law Social Insurance Year 2014