Policy to support employees and employers affected by the COVID-19 pandemic from the Unemployment Insurance Fund surplus

According, the employees and employers affected by the COVID-19 pandemic will be granted the support from the Unemployment Insurance Fund, with the detail as follows:

Employees affected by the COVID-19 pandemic

Two types of employees affected by the COVID-19 pandemic will received the cash support from the Unemployment Insurance Fund surplus.

• Employee who is currently participating in unemployment insurance as of September 30, 2021 (excluding employees working in state agencies, socio-political organizations, people's armed forces units and public non-business units whose recurrent expenditures are guaranteed by the state budget).
• Employee, who had stopped participating in unemployment insurance due to the termination of their labor contracts or working contracts during the period from 01 January 2020 to 30 September 2021, still has the unemployment insurance payment period reserved based on the current regulation. (Not include who receives monthly retirement payment).

The amount received by the employees affected by the COVID-19 pandemic will be based on the participating time to the Unemployment Insurance, which has not been paid, detail as following:

Timeline for implementation:  from 01 October 2021 and will be completed by December 31, 2021.

Employers affected by the COVID-19 pandemic

Unemployment Insurance Fund contributions by employers, who affected by the COVID-19 pandemic, will be reduced from 1% to 0% of the salary fund of employees who are subject to unemployment insurance.

Subjects of application: Employers who are participating in unemployment before 01 October 2021 (excluding state agencies, socio-political organizations, people's armed forces units and public non-business units whose recurrent expenditures are guaranteed by the state budget).

Timeline for implementation:  12 months from 01 October 2021 to 30 September 2022.