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Official Gazette

Monday, October 23, 2017
Tags: compulsory social insurance premiums
Workers to benefit from voluntary occupational accident insurance Workers to benefit from voluntary occupational accident insurance
Non-contractual employees will be entitled to the voluntary occupational accident insurance regime if they have paid compulsory social insurance premiums for at least 12 months, according to a draft decree designed by the Ministry of Labor, War Invalids and Social Affairs.
Foreign workers to be obliged to pay compulsory social insurance premiums Foreign workers to be obliged to pay compulsory social insurance premiums
Foreigners who enter into labor contracts with a term of at least full one month with Vietnam-based employers would have to participate in compulsory social insurance if they possess work permits, practice certificates or practice licenses granted by Vietnamese competent authorities.
Decree No. 134/2015/ND-CP of December 29 2015 Decree No. 134/2015/ND-CP of December 29, 2015
Detailing a number of articles of the Law on Social Insurance regarding voluntary social insurance
Participation of private enterprises in compulsory social insurance Participation of private enterprises in compulsory social insurance
The compulsory social insurance premium rate in 2016 remain unchanged at total 26 percent of a monthly wage, in which employees will have to pay 8 percent of their monthly wage to the pension and survivorship allowance fund while their employers will pay 18 percent of full pensionable monthly wage (14 percent to the pension and survivorship allowance fund; 1 percent to the labor accident and occupational disease fund; and 3 percent to the sickness and maternity fund).
Maternity leave allowance in Vietnam Maternity leave, allowance in Vietnam
The number of days off for health recovery must be jointly decided by the employer and grassroots Trade Union executive committee.
Unemployment insurance in Vietnam Unemployment insurance in Vietnam
As prescribed by the Vietnamese law, any enterprise that employs 10 employees or more is required to participate in unemployment insurance.
Law on Employment Law on Employment
Effective on January 1 next year, the new Law on Employment (the Law) provides employment creation support policies, labor market information, assessment and grant of certificates of national occupational skills, employment service organizations and activities and unemployment insurance.
Decree No. 86/2010/ND-CP: Stiff fines target social insurance violations Decree No. 86/2010/ND-CP: Stiff fines target social insurance violations
Unemployment insurance: one year for the benefit Unemployment insurance: one year for the benefit
Unemployment insurance policy has proven quite necessary in the context of massive layoffs caused by the economic crisis. However, the late enactment of this policy, together with some impractical provisions, has reduced the effectiveness of a solution needed to cope with the challenges that Vietnam is bound to face in the coming years.
Social insurance law to benefit workers Social insurance law to benefit workers
The Social Insurance Law, passed by the National Assembly on June 29, 2006, covers compulsory and voluntary social insurance as well as unemployment benefits. The law will take effect on January 1, 2007, with provisions on voluntary insurance taking effect a year later and those on employment insurance in 2009.

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