Headlines 06/11/2020 15:51 CH

Rates of compulsory employee SI, UI and HI contributions in 2021

Châu Thanh

Rates of compulsory SI contributions in 2021 to the pension (P) fund, illness or maternity benefit (IB-MB) fund, occupational accident or disease benefit (OA-OD) fund, unemployment insurance benefit (UI) fund, health insurance benefit (HI) fund for employees are regulated as follows:

1. Vietnamese employees

- In ordinary cases:

Employer

Employee

SI

UI

HI

SI

UI

HI

P

IB-MB

OA-OD

P

IB-MB

OA-OD

14%

3%

0.5%

1%

3%

8%

-

-

1%

1.5%

21.5%

10.5%

Total (32%)

- In cases where enterprises send written requests for lower rates of contributions to the OA-OD benefit fund and receive approval decisions from Ministry of Labor, War Invalids and Social Affairs:

Employer

Employee

SI

UI

HI

SI

UI

HI

P

IB-MB

OA-OD

P

IB-MB

OA-OD

14%

3%

0.3%

1%

3%

8%

-

-

1%

1.5%

21.3%

10.5%

Total (31.8%)

(Pursuant to the Decree No. 58/2020/ND-CP if enterprises doing business in sectors with high risks of occupational accident or diseases are eligible, sending written requests approved by the Ministry of Labor, War Invalids and Social Affairs, they may make contribution at a lower rate to the OA-OD fund).  

2. Foreign employees

- In ordinary cases:

Employer

Employee

SI

UI

HI

SI

UI

HI

P

IB-MB

OA-OD

P

IB-MB

OA-OD

-

3%

0.5%

-

3%

-

-

-

-

1.5%

6.5%

1.5%

Total (8%)

- In cases where enterprises send written requests for lower rates of contributions to the OA-OD fund and receive approval decisions from Ministry of Labor, War Invalids and Social Affairs:

Employer

Employee

SI

UI

HI

SI

UI

HI

P

IB-MB

OA-OD

P

IB-MB

OA-OD

-

3%

0.3%

-

3%

-

-

-

-

1.5%

6.3%

1.5%

Total (7.8%)

(Pursuant to the Decree No. 58/2020/ND-CP if enterprises doing business in sectors with high risks of occupational accident or diseases are eligible, sending written requests approved by the Ministry of Labor, War Invalids and Social Affairs, they may make contribution at a lower rate to the OA-OD fund).  

** Monthly pay subject to the compulsory SI contribution requirement

Monthly pay subject to the compulsory SI contribution requirement means the rate of pay, fringe benefit and other supplementary payments prescribed in laws which are specified under terms and conditions of an employment contract.

- The rate of monthly pay subject to the compulsory SI contribution requirement is not less than the statutory minimum regional pay defined at the contribution time with regard to employees whose duties or titles are simplest under normal working conditions.   

+ This rate paid to employees whose job duties or titles require educational and vocational training qualification (including those trained by employers) must be 7% higher than the statutory minimum regional pay;

+ This rate paid to employees whose job duties or titles are performed or held under arduous, hazardous or dangerous conditions, and to those whose job duties or titles are performed or held under extremely arduous, hazardous or dangerous conditions, must be at least 5% and 7%, respectively, greater than the pay for those whose job duties or titles have the same level of complexity or those who work under normal working conditions.

(It is intended that the statutory regional minimum pay in 2021 will be kept the same as that in 2020: Click here to see more).

- The maximum monthly pay subject to the compulsory SI contribution requirement must equal 20 months' statutory base pay.

(It is intended that the statutory base pay in 2021 will be kept the same as that in 2020: Click here to see more).

>> For your further reference:

Application and documentation requirements for grant of a reduction in the contribution to the OA-OD fund.

Legal bases:

- 2015 Law on Occupational Safety and Hygiene;

- 2014 Law on Social Insurance;

- 2013 Law on Employment;

- Decree No. 146/2018/ND-CP dated October 17, 2018;

- Decree No. 58/2020/ND-CP dated May 27, 2020;

- Decree No. 143/2018/ND-CP dated October 15, 2018;

- Decision No. 595/QD-BHXH dated April 14, 2017 (amended and supplemented by Decision No. 888/QD-BHXH dated July 16, 2018, Decision No. 505/QD-BHXH dated March 27, 2020, Decision No. 1040/QD-BHXH dated August 18, 2020).

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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