The State of Vietnam Supports Up to 30% of Voluntary Social Insurance Contributions for Poor Households

09:58, 11/07/2024

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.

From May 01, 2017, participants in voluntary social insurance in Vietnam will receive State support for their contributions according to a percentage of the monthly social insurance contribution based on the poverty threshold in rural areas, calculated as follows:

[ Mhtt = k \times 22% \times CN ]

Where:

- k: the percentage of State support (%).

k = 30% for participants from poor households;
k = 25% for participants from near-poor households;
k = 10% for other subjects.

- CN: The poverty threshold in rural areas, used as the basis for determining the support level, is prescribed by the Prime Minister of the Government of Vietnam at the time of contribution (VND/month).

See details in Decision 595/QD-BHXH replacing Decision 959/QD-BHXH dated September 09, 2015.

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