COVID-19: Continue to Implement the Temporary Suspension of Contributions to the Retirement and Survivorship Fund

Le Hai

03:05, 11/07/2024

On August 10, 2020, Vietnam Social Security issued Official Dispatch 2533/BHXH-BT regarding the continued implementation of the temporary suspension of contributions to the retirement and survivorship fund.

In Official Dispatch 2533, the Vietnam Social Insurance provides guidance on the continued temporary suspension of contributions to the pension and survivor fund as follows:

- For employers facing difficulties due to the Covid-19 pandemic who have temporarily suspended contributions to the pension and survivor fund and still face difficulties, contributions to this fund will continue to be temporarily suspended, up to the end of December 2020;- For employers facing difficulties due to the Covid-19 pandemic who have met the conditions for the temporary suspension of contributions to the pension and survivor fund (for the first time) as guided in Official Dispatch 1511/LDTBXH-BHXH, implementation will follow current regulations and previous guidance documents on the temporary suspension of contributions to the pension and survivor fund issued by the Vietnam Social Insurance, up to the end of December 2020;- The authority, documentation procedures, and implementation sequence shall follow the regulations and guidance in Official Dispatch 1511/LDTBXH-BHXH.

Details can be found at Official Dispatch 2533/BHXH-BT, issued on August 10, 2020.

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