Changes in Social Insurance, Health Insurance, and Unemployment Insurance in Vietnam from 2018

No.

Content

Year 2017

Year 2018

1

Subjects of compulsory Social Insurance participation

Employees who are Vietnamese citizens

According to Clause 1, Article 2, Clause 1 Article 124, Law on Social Insurance 2014

• Persons working under labor contracts (LC) with an indefinite term, definite term, seasonal contracts, or for specific jobs with a duration of 03 to under 12 months, including LCs Social Insurancegned between the employer and the legal representative of persons under 15 years old

• Officials, public servants, and employees;

• National defense workers, police workers, persons doing other tasks in cipher organizations;

• Officers, profesSocial Insuranceonal soldiers of the People's Army; officers, technical specialists of the People's Public Security; persons doing cipher work paid as military personnel;

• Non-commisSocial Insuranceoned officers, soldiers of the People's Army; non-commisSocial Insuranceoned officers, soldiers of the People's Public Security serving for a definite term; military, police, and cipher students studying and receiving living expenses;

• Persons working abroad under contracts as per the Law on Vietnamese workers working abroad under contracts;

• Enterprise managers, cooperative management executives receiving salaries;

• Non-specialized persons in communes, wards, commune-level towns.

•  

According to Clause 1, Article 2, Clause 1 Article 124, Law on Social Insurance 2014

In addition to the previous subjects, the following are added:

Persons working under labor contracts with a duration of 01 to under 03 months;

Foreign employees working in Vietnam

According to Clause 2, Article 2, Clause 1 Article 124, Law on Social Insurance 2014:

Not allowed to participate in compulsory Social Insurance

According to Clause 2, Article 2, Clause 1 Article 124 Law on Social Insurance 2014:

Allowed to participate in compulsory Social Insurance (applies to employees with work permits or profesSocial Insuranceonal certificates or licenses issued by Vietnamese authorities)

2

Monthly retirement penSocial Insuranceon rate

Male employees

According to Clause 1 Article 56 Law on Social Insurance, Clause 3 Article 7 Decree 115/2015/ND-CP:

45% for 15 years of Social Insurance contributions, each additional year contributes 2%

(maximum rate not exceeding 75%)

According to Point a Clause 2 Article 56 Law on Social Insurance, Point c Clause 2 Article 7 Decree 115/2015/ND-CP:

45% for 16 years of Social Insurance contributions in 2018, each additional year contributes 2%; maximum rate up to 75%.

• In 2019, it corresponds to 17 years

• In 2020, it corresponds to 18 years

• In 2021, it corresponds to 19 years

• From 2022 onwards, it corresponds to 20 years

Female employees

According to Clause 1 Article 56 Law on Social Insurance, Clause 3 Article 7 Decree 115/2015/ND-CP:

• 45% for 15 years of Social Insurance contributions, each additional year contributes 3%

(maximum rate not exceeding 75%)

According to Point b Clause 2 Article 56 Law on Social Insurance, Point b Clause 2 Article 7 Decree 115/2015/ND-CP:

• 45% x average monthly salary on wHealth Insurancech Social Insurance contributions are based for 15 years of Social Insurance contributions, each additional year contributes 2%

Maximum rate = 75%

3

Monthly salary for compulsory Social Insurance contribution

(based on salary policies decided by the employer)

Clause 1 Article 30 Circular 59/2015/TT-BLDTBXH:

Salaries and allowances as per Clause 1 and Point a Clause 2 Article 4 of Circular 47/2015/TT-BLDTBXH

Salaries, allowances, and other additional amounts as per Clause 1 and Point a Clause 3 Article 4 of Circular 47/2015/TT-BLDTBXH