Circular 32/2017/TT-BLDTBXH was issued by the Ministry of Labor, War Invalids and Social Affairs of Vietnam on the adjustment levels for monthly salaries and incomes subject to social insurance contribution in Vietnam. This is the first Circular to provide detailed regulations on this issue.
Decree 141/2017/ND-CP has just been issued stipulating an increase in the regional minimum wage from 180,000 - 230,000 per month starting from January 1, 2018. Therefore, the mandatory social insurance contributions of enterprises in Vietnam will also increase accordingly. For specific content, you can follow the article below.
Below is the new content mentioned in Decision 595/QD-BHXH guiding the process of social insurance collection, health insurance, unemployment insurance, occupational accident insurance, occupational disease insurance, and the issuance of social insurance books and health insurance cards in Vietnam.
Mandatory social insurance is a type of social insurance organized by the State that employees and employers must participate in, including: sickness; maternity; occupational accidents, occupational diseases; retirement and death gratuity.
The components of salary and allowances subject to social insurance contributions depend on whether the employee's salary is determined by State policies or by the unit's policies in Vietnam. To accurately identify which components of salary and allowances are subject to social insurance contributions and which are not, please refer to the table below.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;