1) The Social Insurance of Ho Chi Minh City announced the interest rate for late social insurance payments from January 1st, 2018 will be 0.75% per month. 2) This rate is in accordance with the Prime Minister's Decision No. 601/2015/QD-TTg dated November 27th, 2015 regulating late social insurance payments from 30 days onward at a rate of 2 times the reference interest rate for bank deposits of the same duration announced by the State Bank of Vietnam. 3) The announcement is directed at organizations using labor in Ho Chi Minh City to apply this late payment interest rate.