DECREE 143/2018/NĐ-CP DATED 15/10/2018 OF GOVERNMENT RULING COMPULSORY SOCIAL INSURANCE FOR FOREIGNERS WORKING IN VIET NAM
Decree No. 143/2018 / ND-CP of the Government dated 15/10/2018 stipulates the compulsory social insurance premium as follows:
1. As of 01/12/2018, the level and method of payment: Only the monthly employer's contribution is based on the employee's monthly wage contribution fund as follows:
+ 3% to the sickness and maternity fund;
+ 0.5% into the labor accident and occupational disease insurance fund;
2. From 01/01/2022 closing level and closing method:
- Foreign laborers working in Vietnam who are compulsory social insurance beneficiaries, pay 8% of their monthly wages to their superiors and survivors.
- Monthly laborers shall pay laborers' monthly wage contribution premiums as follows:
+ 3% to the sickness and maternity fund;
+ 0.5% into the labor accident and occupational disease insurance fund;
+ 14% to retirement and survivors
3. Laborers who do not work and do not receive wages for 14 working days or more in a month shall not pay social insurance premiums thereon. This period is not counted for social insurance, except for maternity leave.
