- SI, UI and HI contributions:
* Vietnamese employees:
+ 8% of the base pay rate paid into the retirement pension or death insurance benefit fund.
+ 1% of the base pay rate paid into the unemployment insurance benefit fund.
+ 1.5% of the base pay rate paid into the health insurance benefit fund
* Foreign nationals working in Vietnam: 1.5% of the base pay rate paid into the health insurance benefit fund.
- The trade union fee will be equal to 1% of the pay base rate if they are admitted into trade unions.
Amount retained = Base pay rate x Retaining rate
This calculation method must ensure that the base pay rate of each employee in 2019 will adhere to principles under which it is not lower than the region-specific base pay rate and does not exceed the prescribed maximum rate.
Legal bases: 2014 Law on Social Insurance; 2013 Law on Employment; Decree No. 146/2018/ND-CP dated October 17, 2018; Decree No. 143/2018/ND-CP dated October 15, 2018; Decision No. 595/QD-BHXH dated April 14, 2017; Decision No. 1908/QD-TLD dated December 19, 2016.
>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE
1.031