Social Insurance in Vietnam provides guidance on contributions according to new statutory pay rate

09:23, 11/07/2024

On June 01, 2017, Vietnam Social Security (VSS) issued Official Dispatch 2159/BHXH-BT providing guidance on the contribution rates to the Occupational Accident and Disease Insurance Fund and the collection of social insurance, health insurance, unemployment insurance, and occupational accident and disease insurance according to the new statutory pay rate.

From July 01, 2017, Vietnam applies a statutory pay rate of 1,300,000 VND/month as the basis for calculating the compulsory social insurance, health insurance, unemployment insurance, and occupational accident and disease insurance for the following subjects:

- Employees participating in compulsory social insurance, health insurance, unemployment insurance, occupational accident and disease insurance under the subjects specified in Article 2 of Decree 47/2017/ND-CP;

- Individuals working abroad under contracts as stipulated in the Law on Vietnamese Employees Working Abroad Under Contracts;

- Beneficiaries of spouse policies at Vietnamese representative offices abroad as stipulated in Article 2 and Article 123 of the 2014 Social Insurance Law;

- Specialized managers, Secretary of the specialized Party Committee, Deputy Secretary of the Party Committee, specialized trade union chairperson at one-member limited liability companies fully owned by the State, participating according to the salary coefficient specified in Appendix I of Decree 52/2016/ND-CP.

See further instructions at Official Dispatch 2159/BHXH-BT.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn