COVID-19: Maintain suspension of contributions to the Retirement and Survivorship Fund in Vietnam

Le Hai

03:05, 11/07/2024

On August 10, 2020, Vietnam Social Security issued Official Dispatch 2533/BHXH-BT regarding the maintenance of the suspension of contributions to the Retirement and Survivorship Fund in Vietnam.

In Official Dispatch 2533, the Vietnam Social Security provides guidance on the maintenance of the suspension of contributions to the Retirement and Survivorship Fund as follows:

- For employers who face difficulties due to the Covid-19 pandemic and have temporarily suspended contributions to the Retirement and Survivorship Fund and still are in difficulties, suspension of contributions to this fund will be maintained until the end of December 2020;

- For employers who face difficulties due to the Covid-19 pandemic and have met the conditions for the temporary suspension of contributions to the Retirement and Survivorship Fund (for the first time) as guided in Official Dispatch 1511/LDTBXH-BHXH, current regulations and previous guidance documents on the temporary suspension of contributions to the Retirement and Survivorship Fund issued by the Vietnam Social Security shall be complied with until the end of December 2020;

- The authority, documentation, and procedures shall follow the regulations and guidance in Official Dispatch 1511/LDTBXH-BHXH.

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

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