Interest rate for late payment of social insurance and health insurance premiums in 2022 in HCM city, Vietnam is specified in Notice 230/TB-BHXH date January 17, 2022 on the adjustment of interest rates for calculating late payment interest, post-payment of social insurance, health insurance, and unemployment insurance issued by Ho Chi Minh City Social Insurance.
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HCM city, Vietnam: Interest on late payment of social insurance and health insurance premiums in 2022 (Source: Internet)
Specifically, based on the Prime Minister of Vietnam's Decision 60/2015/QD-TTg dated November 27, 2015 stipulating that the health insurance premium payment is delayed for 30 days or more, the interest collected is equal to 02 times the market interest rate. The interbank market with a term of 9 months announced by the State Bank of Vietnam on the web portal of the State Bank of Vietnam in the preceding year is calculated on the amount and time of late payment.
Pursuant to Notice 89/TB-BHXH dated January 13, 2021 by the Vietnam Social Security, the investment interest rate from the Social Insurance Fund in 2021 is 4.39%/year; the interest rate on the interbank market for 09 months announced by the State Bank of Vietnam on December 31, 2021 is 3.26%/year.
Ho Chi Minh City Social Insurance announces to employers in the city the interest rates applicable from January 1, 2022 as follows:
- Interest rate for late payment and arrears payment of social insurance and unemployment insurance is 0.7316%/month.
- Interest rate for late payment of health insurance premium is 0.5434%/month.
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