Contribution Rates of Social Insurance for Employees in Vietnam in 2018

08:39, 11/07/2024

Currently, according to Decision 595/QD-BHXH, there are a total of 03 types of insurance that enterprises must contribute for their employees, including: social insurance (retirement, sickness, maternity), health insurance, and unemployment insurance.

The contribution rates for these types of insurance are as follows:

Contribution items	Employer Contribution Rate	Employee Contribution Rate
Social Insurance	3% sickness and maternity	8% retirement and survivorship
	14% retirement and survivorship
	0.5% occupational accidents, BNN
Health Insurance	3%	1.5%
Unemployment Insurance	1%	1%
Total	21.5%	10.5%
Total	32%

Thus, every month, the employer must contribute and deduct from the employee's salary to pay for the insurance contributions for the employee at a total rate of 32% of the salary for the purpose of social insurance contributions.

Salary for Insurance Contribution Calculation

From January 01, 2018, onwards, the monthly salary for compulsory social insurance contributions includes salary, salary allowances, and other additional amounts. Specifically:

- Salary is recorded according to the wage scale and salary table built by the employer following labor law regulations as agreed upon by both parties. For employees paid by piece or contract wages, the recorded salary is based on the time to determine the unit price of product or contract wages;

- Salary allowances to compensate for factors regarding working conditions, job complexity, living conditions, and the level of labor attraction that the agreed salary in the labor contract has not taken into account or has not fully considered;

- Additional amounts that can be determined as fixed together with the agreed salary in the labor contract and are paid regularly in each salary period.

The above content is based on Decision 595/QD-BHXH issued on April 14, 2017.

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