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PAYROLL OUTSOURCING
VIETNAM
POPULAR QUESTIONS a b o u t
SOCIAL INSURANCE
O f E M P LO Y E R S a n d E M P LO Y E E S
8
FR
2
E m p l o y e e h a s r e a c h e d r e t i r e m e n t
a g e b u t t h e r e a r e s t i l l 2 y e a r s l e f t t o
r e a c h 2 0 y e a r s of s o c i a l i n s u r a n c e
c o n t r i b u t i n g .
What should employee do to enjoy
pension fund?
Employee can contribute voluntarily social
insurance for 2 more years to be qualified for
retirement benefits.
More transparency, More value
FR
3More transparency, More value
C o m p a n y h i r e s n e w s t a f f, a n d r e q u i r e s 0 2
m o n t h s p r o b a t i o n a r y f o r n e w s t a f f
Do company and new staff contribute social
insurance in probationary time?
According to Social Insurance regulation from
01/01/2018, All objects have labor contract with duration
enough from 01 month that they must contribute
social insurance even they are in probationary time
2
FR
4More transparency, More value
Which kind of wage is basic to calculate
social insurance ?
The salary based for social insurance contribution is the
total salary/ wage (including salary-related allowances
regulated on point a, clause 3, article 4 of Circulars
47/215) indicated on the contract.
Salaries and allowances mentioned above must be
complied with the salary scale and payroll that the
enterprise has developed and registered with
the local labor office.
3
FR
5More transparency, More value
4
Do the directors, chairmen of private
enterprises have to contribute compulsory
insurance?
According to Social Insurance law of Vietnam, the directors,
chairmen of private enterprise are NOT an EXCEPTION.
The basic salary to contribute compulsory insurance of the
director, chairmen is regulated on a company charter that salary
must be registered with the authority managing in labor of
province
FR
6More transparency, More value
5
E m p l o y e e h a s t a ke n a l e a v e 2 0 d a y s w i t h o u t
r e c e i v i n g s a l a r y.
Must Company contribute compulsory insurance
in this time? Does it need to report on reducing
and return health insurance card?
If The unpaid leave period is more than 50% of total
working days in month then there is NOT NEED to
contribute social insurance. Company must report on
temporarily reducing labor for this time, but not need to
return health insurance card.
FR
7More transparency, More value
6
I f c o m p a n y s i g n s l a b o r c o n t r a c t w i t h
w h o m i s e n j o y i n g p e n s i o n b e n e f i t ,
Does company contribute compulsory
insurance for him?
Employer DOESN’T have to contribute the compulsory
insurance for whom is enjoying pension benefit. However,
they have to add the amount equivalent the total
compulsory insurance amount paid by employer (current
regulation is 21.5%) to monthly salary of employee
FR
8More transparency, More value
7
E m p l o y e e w o r k s f o r 0 2 c o m p a n i e s a t t h e
s a m e t i m e .
How does employee contribute
compulsory insurance?
According to the current regulations, Employees work for
many company that he just contributes insurance at
company having higher salary. The rest companies will pay
employee the amount equivalent with the total obligation
insurance of employer at the same time with paying salary
FR
9More transparency, More value
8
T h i s y e a r, I a m 6 0 y e a r s o l d a n d h a v e
pa r t i c i pa t e d i n s o c i a l i n s u r a n c e f o r 1 4
y e a r s . Can I continually contribute social
insurance in order to have enough
condition to enjoy pension benefit?
In this case, you can not continually contribute social
insurance to enjoy monthly pension benefit. You can
perform procedure to enjoy social insurance allowance in
one-off paid
*If there is lack some months to reach 20 years of
contributing social insurance but no more than 05 years,
the employee can continually contribute till enough 20
years to enjoy monthly pension
FR
THANK YOU FOR
WATCHING
Contact us for further assistance
[Tel] : +84 3930 6518 [Fax] : +84 3930 6520
[Email] : contact@esos.vn
[Add] : 8th floor, Alpha Tower, 151-153 Nguyen Dinh Chieu Str., Dis. 3, HCMC.
[Web] : http://www.esos.vn
[Skype] : ESOS Vietnam

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8 popular questions of social insurance in Vietnam

  • 1. PAYROLL OUTSOURCING VIETNAM POPULAR QUESTIONS a b o u t SOCIAL INSURANCE O f E M P LO Y E R S a n d E M P LO Y E E S 8
  • 2. FR 2 E m p l o y e e h a s r e a c h e d r e t i r e m e n t a g e b u t t h e r e a r e s t i l l 2 y e a r s l e f t t o r e a c h 2 0 y e a r s of s o c i a l i n s u r a n c e c o n t r i b u t i n g . What should employee do to enjoy pension fund? Employee can contribute voluntarily social insurance for 2 more years to be qualified for retirement benefits. More transparency, More value
  • 3. FR 3More transparency, More value C o m p a n y h i r e s n e w s t a f f, a n d r e q u i r e s 0 2 m o n t h s p r o b a t i o n a r y f o r n e w s t a f f Do company and new staff contribute social insurance in probationary time? According to Social Insurance regulation from 01/01/2018, All objects have labor contract with duration enough from 01 month that they must contribute social insurance even they are in probationary time 2
  • 4. FR 4More transparency, More value Which kind of wage is basic to calculate social insurance ? The salary based for social insurance contribution is the total salary/ wage (including salary-related allowances regulated on point a, clause 3, article 4 of Circulars 47/215) indicated on the contract. Salaries and allowances mentioned above must be complied with the salary scale and payroll that the enterprise has developed and registered with the local labor office. 3
  • 5. FR 5More transparency, More value 4 Do the directors, chairmen of private enterprises have to contribute compulsory insurance? According to Social Insurance law of Vietnam, the directors, chairmen of private enterprise are NOT an EXCEPTION. The basic salary to contribute compulsory insurance of the director, chairmen is regulated on a company charter that salary must be registered with the authority managing in labor of province
  • 6. FR 6More transparency, More value 5 E m p l o y e e h a s t a ke n a l e a v e 2 0 d a y s w i t h o u t r e c e i v i n g s a l a r y. Must Company contribute compulsory insurance in this time? Does it need to report on reducing and return health insurance card? If The unpaid leave period is more than 50% of total working days in month then there is NOT NEED to contribute social insurance. Company must report on temporarily reducing labor for this time, but not need to return health insurance card.
  • 7. FR 7More transparency, More value 6 I f c o m p a n y s i g n s l a b o r c o n t r a c t w i t h w h o m i s e n j o y i n g p e n s i o n b e n e f i t , Does company contribute compulsory insurance for him? Employer DOESN’T have to contribute the compulsory insurance for whom is enjoying pension benefit. However, they have to add the amount equivalent the total compulsory insurance amount paid by employer (current regulation is 21.5%) to monthly salary of employee
  • 8. FR 8More transparency, More value 7 E m p l o y e e w o r k s f o r 0 2 c o m p a n i e s a t t h e s a m e t i m e . How does employee contribute compulsory insurance? According to the current regulations, Employees work for many company that he just contributes insurance at company having higher salary. The rest companies will pay employee the amount equivalent with the total obligation insurance of employer at the same time with paying salary
  • 9. FR 9More transparency, More value 8 T h i s y e a r, I a m 6 0 y e a r s o l d a n d h a v e pa r t i c i pa t e d i n s o c i a l i n s u r a n c e f o r 1 4 y e a r s . Can I continually contribute social insurance in order to have enough condition to enjoy pension benefit? In this case, you can not continually contribute social insurance to enjoy monthly pension benefit. You can perform procedure to enjoy social insurance allowance in one-off paid *If there is lack some months to reach 20 years of contributing social insurance but no more than 05 years, the employee can continually contribute till enough 20 years to enjoy monthly pension
  • 10. FR THANK YOU FOR WATCHING Contact us for further assistance [Tel] : +84 3930 6518 [Fax] : +84 3930 6520 [Email] : contact@esos.vn [Add] : 8th floor, Alpha Tower, 151-153 Nguyen Dinh Chieu Str., Dis. 3, HCMC. [Web] : http://www.esos.vn [Skype] : ESOS Vietnam