Headlines 02/01/2019 14:23 CH

HCMC: Application documents for adjustment in base pay rates for calculation of SI contributions must be submitted by March 1

Hải Anh

Ho Chi Minh city’s Social Security agency has issued the Official Dispatch No. 2717/BHXH-QLT providing guidance on payments of SI, UI and OA and ODI contributions made from January 1, 2019.

Pursuant to this document, from January 1, 2019, enterprises must implement contractual pay rates and pay SI, UI and OAI and ODI contributions:

- Not less than region-specific base pay rates paid to unskilled workers;

- 7% greater than region-specific base pay rates paid to trained or skilled workers;

The region-specific base pay rates applied at subdivisions of cities will be as follows:

- VND 4,180,000/month, applied to units and enterprises operating in urban districts and other rural districts, such as Cu Chi, Hoc Mon, Binh Chanh and Nha Be.

- VND 3,710,000/month, applied to units and enterprises operating in Can Gio district.

The region-specific base pay rates applied to an enterprise’s branches will vary depending on their specific business locations.

By February 28, 2019 (prior to March 1, 2019) at the latest, employers must submit application documents for adjustment in base pay rates for calculation of SI, HI, UI, OAI and ODI paid to employees according to new region-specific base pay rates.

Employers will be liable for any delay that may affect employee benefits.

For more details, please read the Official Dispatch No. 2717/BHXH-QLT dated December 20, 2018.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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