From July 1, 2025, what are the compulsory social insurance payment ratios in Vietnam?

From July 1, 2025, what are the compulsory social insurance payment ratios in Vietnam?

Under Article 32 of the Social Insurance Law 2024, the compulsory social insurance payment ratios in Vietnam are stipulated as follows:

Social insurance payment ratios

1. Compulsory social insurance payment ratios:

a) 3% of the salary on which social insurance premiums are paid to the sickness and maternity fund;

b) 22% of the salary on which social insurance premiums are paid to the pension and survivorship fund.

2. The voluntary social insurance payment ratio shall be 22% of the salary on which social insurance premiums are paid to the pension and survivorship fund.

Thus, from July 1, 2025, the compulsory social insurance payment ratios in Vietnam are regulated as follows:

- 3% of the salary on which social insurance premiums are paid to the sickness and maternity fund;

- 22% of the salary on which social insurance premiums are paid to the pension and survivorship fund.

From July 1, 2025, what are the compulsory social insurance payment ratios in Vietnam? (Image from the Internet)

What are the rights of social insurance participants in Vietnam?

Under Article 10 of the Social Insurance Law 2024, the rights of social insurance participants and beneficiaries are stipulated as follows:

1. Social insurance participants have the rights to:

a) Enjoy the social insurance benefits prescribed in this Law;

b) Be granted social insurance books;

c) Receive monthly information from social security authorities about payment of social insurance premiums via electronic media; have information about payment of social insurance premiums confirmed by social security authorities on demand;

d) Request employers, relevant agencies and organization to fulfill their responsibility social insurance for employees as prescribed by law.

dd) Receive information about social insurance laws and policies;

e) Undergo medical assessment to determine work capacity reduction during reservation of social insurance payment period and have the costs of medical assessment reimbursed if the participant is eligible for social insurance benefits according to the medical assessment result;

g) Lodge complaints or denunciations or initiate lawsuits about social insurance in accordance with law.

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Thus, social insurance participants in Vietnam have the following rights:

- Enjoy the social insurance benefits prescribed in this Law;

- Be granted social insurance books;

- Receive monthly information from social security authorities about payment of social insurance premiums via electronic media; have information about payment of social insurance premiums confirmed by social security authorities on demand;

- Request employers, relevant agencies and organization to fulfill their responsibility social insurance for employees as prescribed by law.

- Receive information about social insurance laws and policies;

- Undergo medical assessment to determine work capacity reduction during reservation of social insurance payment period and have the costs of medical assessment reimbursed if the participant is eligible for social insurance benefits according to the medical assessment result;

- Lodge complaints or denunciations or initiate lawsuits about social insurance in accordance with law.

What are the responsibilities of social insurance participants in Vietnam?

Under Article 11 of the Social Insurance Law 2024, the responsibilities of social insurance participants and beneficiaries are stipulated as follows:

Responsibilities of social insurance participants and beneficiaries

1. Social insurance participants have the responsibilities to:

a) Pay social insurance premiums in accordance with this Law;

b) Monitor fulfillment of social insurance-related responsibility to themselves;

c) Provide accurate, truthful and adequate information when registering social insurance participation.

2. Social insurance beneficiaries have the responsibilities to:

a) Implement regulations on social insurance-related procedures and other regulations on receipt of social insurance benefits of this Law and relevant laws;

b) Return social insurance benefits if a competent authority issues a decision that such social insurance benefits were provided against regulations;

c) Annually, social insurance beneficiaries, via their personal bank accounts, have the responsibility to cooperate with social security authorities or service providers authorized by social security authorities in verifying their eligibility for social insurance benefits.

Thus, social insurance participants have the following responsibilities:

- Pay social insurance premiums in accordance with this Law;

- Monitor fulfillment of social insurance-related responsibility to themselves;

- Provide accurate, truthful and adequate information when registering social insurance participation.