What are the Social Security contributions in Vietnam?

In Vietnam, social security contributions provide essential protection to employees, covering areas such as health, unemployment, and retirement. These contributions, based on an employee's gross income, are crucial for ensuring financial security in various situations, including illness, accidents, and retirement.


Social Security Schemes and Contribution Rates for 2024

  1. Social Insurance (SI)

    • Contribution Rate: 17.5% of gross income.
    • Maximum Salary Basis for Calculation: VND 36,000,000/month.
    • Coverage: Pension, sickness, maternity, and work-related accidents.

  2. Health Insurance (HI)

    • Contribution Rate: 3% of gross income.
    • Maximum Salary Basis for Calculation: VND 36,000,000/month.
    • Coverage: Medical expenses and access to public healthcare services.

  3. Unemployment Insurance (UI)

    • Contribution Rate: 1% of gross income.
    • Maximum Salary Basis for Calculation: VND 93,600,000/month.
    • Coverage: Provides financial support to employees during periods of unemployment.

  4. Trade Union Fees

    • Contribution Rate: 3% of gross income.
    • Maximum Salary Basis for Calculation: VND 36,000,000/month.
    • Purpose: Supports employee benefits during national holidays and other key events.


Contribution Management and Responsibility

  • Calculation Basis: All contributions are calculated based on the employee's gross income, ensuring proportional deductions according to earnings.
  • Payment Responsibility: Employers are responsible for deducting these contributions from employees’ pay and remitting them to the relevant authorities.


These contributions serve to protect employees by offering financial support in critical situations such as unemployment, retirement, illness, or accidents. Employers must ensure that contributions are accurately calculated and paid on time to remain compliant with Vietnamese regulations and to safeguard their employees' welfare.

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