Overview of Compulsory Social Insurance Contributions in Vietnam (Updated)

1. Social Insurance (SI)

• Contribution rate: 26% of the monthly salary used to calculate SI contributions.
  • Employee contribution: 8% (covers retirement and survivor benefits)
  • Employer contribution: 18% (covers retirement, survivor, sickness, maternity, occupational disease, and work accident benefits)
• Maximum salary for SI contribution: 20 times the base salary (currently VND 29,800,000 per month).

2. Health Insurance (HI)

• Contribution rate: 4.5% of the monthly salary used to calculate SI contributions
  • Employee contribution: 1.5%
  • Employer contribution: 3%

3. Unemployment Insurance (UI)

• Contribution rate: 1% of the monthly salary used to calculate UI contributions (paid by the employer)
• Maximum salary for UI contribution: 20 times the regional minimum wage.

4. Occupational Accident and Disease Insurance

• General contribution rate: Employers contribute 0.5% of their employees' monthly salary fund to the Occupational Accident and Disease Insurance Fund.

• Preferential contribution rate (0.3%): Applicable to enterprises that meet all safety and hygiene conditions as prescribed in Article 5 of Decree 58/2020/ND-CP.

• Contribution rate for non-professional staff working in communes, wards, and townships: 0.5% of the base salary.

Example:

An employee working in construction with a monthly salary of VND 10,000,000 used for SI calculation. The employer would pay VND 50,000 per month for occupational accident and disease insurance (10,000,000 x 0,5%).

Note:

• The monthly salary used for SI and HI calculations includes salary, allowances, and other supplements.
• The monthly salary used for UI calculation is based on Decree No. 116/2015/ND-CP.

For more details on each type of insurance, benefits, responsibilities, and to find out the industry group, you can visit the official website of Vietnam Social Security: https://baohiemxahoi.gov.vn/

This information contained herein is of a general nature and is intended to provide updates on the Laws for information purposes only. DB Legal shall not be liable for any use or application of the information for any business purpose.

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