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According to Notification No.4837/TB-BHXH of HCM Social insurance, from 01 January 2014, compulsory insurance level is performed as follows:
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Insurance level for social insurance participants is 26% of age, salary. In which, employers contribute 18%, employees contribute 8%.
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Unemployment insurance level is 2% and health insurance is 4,5% still in compliance with the previous guidance.
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Pursuant to Decree No.182/2013/NĐ-CP, from 01 January 2014, minimum wage, salary level for employees who work the most simply, in the most normal condition of enterprises should be applied as follows:
Area I: 2,700,000 Area II: 2,400,000
Area III: 2,100,000 Area IV: 1,900,000
The lowest salary level payable to employees who have been trained must be 7% higher rate than area minimum wage, salary level.
Pursuant to Decree No.191/2013/NĐ-CP, from 10 January 2014, trade union fee is 2% of salary fund used to pay social insurance to employees. The company pays union fee each time during each month at the time as paying compulsory insurance to employees.
