Official Dispatch No. 1012/BHXH-QLT dated May 22, 2017 of the Social Security of Ho Chi Minh City on rate of compulsory social security contribution to the Occupational Accident and Occupational Disease Insurance Fund effective as of June 1, 2017

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Official Dispatch No. 1012/BHXH-QLT dated May 22, 2017 of the Social Security of Ho Chi Minh City on rate of compulsory social security contribution to the Occupational Accident and Occupational Disease Insurance Fund effective as of June 1, 2017
Issuing body: Effective date:
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Official number:1012/BHXH-QLTSigner:Nguyen Thi Thu
Type:Official DispatchExpiry date:Updating
Issuing date:22/05/2017Effect status:
Known

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Fields:Insurance , Labor - Salary
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Effect status: Known

THE VIETNAM SOCIAL SECURITY
THE SOCIAL SECURITY OF HO CHI MINH CITY

Official Dispatch No. 1012/BHXH-QLT dated May 22, 2017 of the Social Security of Ho Chi Minh City on rate of compulsory social security contribution to the Occupational Accident and Occupational Disease Insurance Fund effective as of June 1, 2017

To:employers

Pursuant to the Law on Social Security No. 58/2014/QH13 adopted by the National Assembly on November 20, 2014; the Law on Occupational Sanitation and Safety No. 84/2015/QH13 adopted by the National Assembly on June 25, 2015; the Government’s Decree No. 44/2017/ND-CP dated April 14, 2017 on the rate of compulsory social security contribution to the Occupational Accident and Occupational Disease Insurance Fund.

The Ho Chi Minh city Social Security hereby announces that the rate of compulsory payment to the Occupational Accident and Occupational Disease Insurance Fund in force as of June 1, 2017 that is paid by the employer on a monthly basis is 0.5%, calculated on top of the employee’s salary./. 

For the Director

The Deputy Director

Nguyen Thi Thu

  

From June 1, 2017, the rate of compulsory social security contribution to the Occupational Accident and Occupational Disease Insurance Fund will be changed as follows:

 

Social security types

Rate of contribution paid by Employer

Rate of contribution paid by Employee

Subtotal

Social Insurance (SI)

(Sickness, Paternity, Occupational Accident and Disease, Retirement, Impairment)

17.5%

8.0%

25.5%

Health Insurance (HI)

3%

1.5%

4.5%

Unemployment Insurance (UI)

1%

1.0%

2.0%

TOTAL

21.5%

10.5%

32.0%

The data on the contribution rates paid before June 1, 2017 are used for comparison purpose

Social security types

Rate of contribution paid by employer

Rate of contribution paid by Employee

Subtotal

Social Insurance (SI)

(Sickness, Paternity, Occupational Accident and Disease, Retirement, Impairment)

18%

8.0%

26.0%

Health Insurance (HI)

3%

1.5%

4.5%

Unemployment Insurance (UI)

1%

1.0%

2.0%

TOTAL

22%

10.5%

32.5%

 

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