COMPULSORY INSURANCES IN VIET NAM 2020

There are differences in the percentage of contributions between the foreign employees and Vietnamese employees as following:

Vietnamese Employees:

- Employer: 23.5%, including: 17.5% for the fund of social insurance; 1% for the fund of unemployment insurances; 3% for the fund of health insurances and 2% for the fund of trade union fees.

- Employee: 10.5%, including: 8% for the fund of social insurance; 1% for the fund of unemployment insurances; 1% for the fund of health insurances;

The total will be 34%.

Foreign Employees:

- Employer: 8.5%, including: 3.5% for the fund of social insurance; 3% for the fund of health insurances and 2% for the fund of trade union fees.

- Employee: 1.5% for the fund of health insurances;

The total will be 10%.

From 01 January 22 onwards: the contribution rates imposed on both employers and foreign employees will be the same as those applicable to Vietnamese employees.

- Employer: 23.5%, including: 17.5% for the fund of social insurance; 1% for the fund of unemployment insurances; 3% for the fund of health insurances and 2% for the fund of trade union fees.

- Employee: 10.5%, including: 8% for the fund of social insurance; 1% for the fund of unemployment insurances; 1% for the fund of health insurances;