Vietnam: 07 pieces of social insurance information in the National Database on Insurance

Vietnam: 07 pieces of social insurance information in the National Database on Insurance (Illustrative Image)

Draft Decree stipulates 7 pieces of social insurance information in the National Insurance Database of Vietnam, including:

1. Social Insurance code;

2. Code of participant’s governing body;

3. Social insurance agency in charge;

4. Type of social insurance entity;

5. Payment method;

6. Record of social insurance premium payment: start date, end date; salary serving as the basis for social insurance premium payment (salary/income, salary coefficient); allowance serving as the basis for social insurance premium payment (salary allowance, additional amounts, hazardous allowances);

7. Management of social insurance beneficiaries:

- Sickness benefits: Social Insurance code, social insurance premium payment period, disease code, type of benefit condition, enjoyment period, benefit level, benefit adjustment, recovery

- Maternity benefits: Social Insurance code, social insurance premium payment period, type of benefit, enjoyment period, benefit level, benefit adjustment, recovery, number of times benefited

- Retirement benefits:

+ Monthly pension: Social Insurance code, social insurance premium payment period, type of benefit condition, benefit level, enjoyment date, benefit level, benefit adjustment, enjoyment termination, enjoyment period.

+ Monthly allowance: Social Insurance code, type of allowance, social insurance premium payment period, enjoyment date, benefit level, benefit adjustment, enjoyment date, benefit level, benefit adjustment, enjoyment termination, enjoyment period.

+ Lump-sum social insurance payout: Social Insurance code, type of benefit condition, enjoyment date, benefit level, benefit adjustment, enjoyment termination.

- Survivorship allowance:

- Lump-sum survivorship allowance: Social Insurance code, deceased subject, contribution/enjoyment period of the deceased, enjoyment date, benefit level, benefit adjustment, enjoyment termination.- Monthly survivorship allowance: Social Insurance code, deceased subject, contribution/enjoyment period of the deceased, allowance type, type of benefit condition, enjoyment date, benefit level, enjoyment period, benefit adjustment, enjoyment termination.

- Funeral allowance: Social Insurance code, enjoyment date, benefit level, benefit adjustment, enjoyment termination.

Details can be found at Draft Decree which is expected to take effect in 2020.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE