Extension of the implementation period of the Resolution 09/2021 by the Standing Committee of the National Assembly of Vietnam until June 30, 2025

Extension of the implementation period of the Resolution 09/2021 by the Standing Committee of the National Assembly of Vietnam until June 30, 2025

According to Article 1 of Resolution 62/2024/UBTVQH15, the Standing Committee of the National Assembly decided to extend the implementation period of Resolution 09/2021/UBTVQH15 on the management costs of social insurance and unemployment insurance for the period 2022 - 2024 until June 30, 2025, with the management cost rates as follows:

- The management cost rate for social insurance in 2025 is capped at 1.44% of the estimated revenue and expenditure of social insurance funds (excluding the expenditure for health insurance contributions for social insurance beneficiaries), which is derived from the interest income of investment activities from the social insurance funds;

- The management cost rate for unemployment insurance in 2025 is capped at 1.44% of the estimated revenue and expenditure of unemployment insurance funds (excluding the expenditure for health insurance contributions for unemployment insurance beneficiaries), which is derived from the unemployment insurance funds.

Additionally, according to Article 2 of Resolution 62/2024/UBTVQH15, the Standing Committee of the National Assembly stipulates the implementation of Resolution 62/2024/UBTVQH15 as follows:

- Before June 30, 2025, the Government of Vietnam shall report to the Standing Committee of the National Assembly on the situation of implementing management costs of social insurance and unemployment insurance for the period 2022 - 2024 and the first six months of 2025; propose the cost levels for organizing and operating social insurance and unemployment insurance for the period 2025 - 2027 (including the first six months of 2025) based on reorganizing and restructuring the organizational apparatus.

- The Prime Minister of the Government of Vietnam shall allocate the management cost budget for social insurance and unemployment insurance for 2025 according to the provisions in Article 1 of Resolution 62/2024/UBTVQH15.

- Other contents shall continue to be implemented according to Resolution 09/2021/UBTVQH15 of the Standing Committee of the National Assembly and other relevant legal provisions.

- The Ethnic Council, Committees of the National Assembly, Delegations of National Assembly Delegates, National Assembly Delegates, People's Councils at all levels, within the scope of their functions, duties, and powers, shall supervise the implementation of Resolution 62/2024/UBTVQH15.

Refer to Resolution 62/2024/UBTVQH15 which takes effect from January 1, 2025.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE