Procedures for cooperation between business registration authorities and social insurance authorities in Vietnam (latest)

10:22, 26/10/2020

Recently, the Government of Vietnam has issued the Decree No. 122/2020/NĐ-CP on single-window cooperation in processing applications for registration of enterprises, branches, representative offices; declaration of personnel; social insurance participation; use of invoices by enterprises.

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According to Article 5 of the Decree No. 122/2020/NĐ-CP of Vietnam’s Government, the procedures for cooperation between business registration authorities and social insurance authorities are prescribed as follows:

- After the certificate of enterprise/branch/representative office registration is granted, the business registration authority shall share information about the certificate and information about the total employees, business lines, social insurance payment method of the enterprise/branch/representative office with the social insurance authority.

- In case of changes to enterprise/branch/representative office registration information, the business registration authority shall share information about the certificate with the social security authority.

- The ID number of an enterprise/branch/representative office is also its social insurance participant number.

- When an enterprise/branch/representative office pays social insurance premiums, the social security authority shall share information about the number of its employees who pay social insurance premiums with the business registration authority to serve state management of registered enterprises.

View more details at the Decree No. 122/2020/NĐ-CP of Vietnam’s Government, effective from October 15, 2020.

Ty Na

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