Thanh Hữu
As prescribed by regulations currently in force, rates of payment of social insurance, unemployment insurance, health insurance, occupational accident and disease insurance contributions are determined as follows:
1. Vietnamese employees:
- The employer makes 14% of contribution payment into the retirement and death insurance benefit fund; 3% into the sickness, pregnancy and maternity insurance fund; 0.5% into the occupational accident and disease insurance fund; 1% into the unemployment insurance fund; 3% into the health insurance fund;
This means that total contribution rate is 21.5%.
- The employee makes 8% of contribution payment into the retirement and death insurance benefit fund; 1% into the unemployment fund; 1.5% into the health insurance fund;
This means that total contribution rate is 10.5%.
2. Foreign employees:
- The employer makes 14% of contribution payment into the retirement and death insurance benefit fund (valid as from January 1, 2022); 3% into the sickness, pregnancy and maternity insurance fund (valid as from December 1, 2018); 0.5% into the occupational accident and disease insurance fund (valid as from December 1, 2018); 3% into the health insurance fund;
Hence, total contribution rate is 20.5%, valid as from January 1, 2022.
- The employee makes 8% of contribution payment into the retirement and death insurance benefit fund (valid as from January 1, 2022); 1.5% into the health insurance fund;
Hence, total contribution rate is 9.5%, valid as from January 1, 2022.
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