Compulsory Social, Unemployment & Health Insurance premium rate from July 1st, 2021
On July 1st, 2021, the Government issued Resolution No. 68/NQ-CP to support for employees and employers facing difficulties as a result of the COVID-19 pandemic, contribute to the recovery of production and business, mitigate the negative effects of the pandemic, and stabilize production, business, and guarantee employees’ life and safety.
Specifically, Employers are entitled to a premium rate of 0% of the salary fund as the basis for paying social insurance premiums to the Insurance Fund for Occupational Accidents and Diseases for 12 months (from July 1st, 2021 to June 30th, 2022) for employees eligible for occupational accident and disease insurance;
- Excepting: Officials, public employees, people in the people's armed forces, employees in the agencies of the Party, the State, administrative agencies, public sector entities on the payroll of the state budget.
Therefore, the premium rate of Compulsory Social Insurance (SI) from July 1st 2021 to June 30th 2022 is to retirement fund (R), sickness and maternity fund (S&M), labor accident and occupational disease fund (L&O), unemployment insurance (UI), health insurance (HI) with employees (excepting local state’s employees) and employers, as follows:
1. Vietnamese employees:
|
Employers |
Employees |
||||||||
|
SI |
UI |
HI |
SI |
UI |
HI |
||||
|
R |
S&M |
L&O |
R |
S&M |
L&O |
||||
|
14% |
3% |
0% |
1% |
3% |
8% |
- |
- |
1% |
1,5% |
|
21% |
10,5% |
||||||||
|
Total 31,5% |
|||||||||
2. Foreign employees:
|
Employers |
Employees |
||||||||
|
SI |
UI |
HI |
SI |
UI |
HI |
||||
|
R |
S&M |
L&O |
R |
S&M |
L&O |
||||
|
- |
3% |
0% |
- |
3% |
- |
- |
- |
- |
1,5% |
|
6% |
1,5% |
||||||||
|
Total 7,5% |
|||||||||
Resolution No. 68/NQ-CP takes effect from July 1st, 2021.