Social insurance premiums for foreign employees in Vietnam from 2022

According to the current regulations, enterprises employing foreign employees in Vietnam must contribute a total of 6.5% of the salary fund for paying insurance premiums for foreign employees: 3% to the sickness and maternity fund, 0.5% to the occupational accident and disease fund, and 3% to the health insurance fund. (under Decree 143/2018/ND-CP, Decision 595/QD-BHXH of 2017, Decree 58/2020/ND-CP).

Where enterprises are eligible to pay to the occupational accident and disease fund at 0.3% as stipulated in Decree 58/2020/ND-CP, the total premium when employing foreign employees is 6.3%.

However, under Clause 1, Article 12 and Point c, Clause 1, Article 13 of Decree 143/2018/ND-CP, from January 1, 2022, the premium for both employees and employers will change as follows:

- Employees will pay 8% of their monthly salary to the retirement and survivorship fund.

- Enterprises will pay 14% of the employees' monthly salary to the retirement and survivorship fund.

Thus, combining the above regulations, from January 1, 2022, the insurance premiums paid by enterprises and foreign employees corresponding to specific cases are as follows:

- In the case an enterprise submits a written request and is approved by the Ministry of Labor, Invalids and Social Affairs (MOLISA) to contribute to the occupational accident and disease fund at a lower rate:

- In the case the enterprise does not submit a written request or the period for contributing to the occupational accident and disease fund at a lower rate has expired:

Sincerely!