Obligations

Employee

(1)

Employer

(2)

Legal basis

Unemployment Insurance

1% of monthly wage

Workers shall pay unemployment insurance premiums equal to 1% of their monthly wage

1% of the monthly wage fund

Employers shall pay unemployment insurance premiums equal to 1% of the monthly wage fund of the workers currently participating in unemployment insurance

To (1):

Article 57.1 (a) of Employment Law No. 38/2013/QH13 (“Employment Law”); Article 102.1 of Social Insurance Law No. 71/2006/QH 11 (“Social Insurance Law”) and Article 25 of Decree 127/2008/NĐ-CP;

To (2):

Article 57.1 (b) of Employment Law; Article 102.1 of Social Insurance Law and Article 25 of Decree 127/2008/NĐ-CP;

The ceiling of the monthly wage on which the Unemployment Insurance premiums anchored is 20 months of region-based minimum wage.

The region-based minimum wage is prescribed in Article 5.1 of Decree 103/2014/ND-CP on Minimum Regional Wage

Article 58.2 of the Employment Law;

Compulsory Social Insurance

8% of monthly wage

Employees shall pay 8% of their monthly wage stated in their labor contracts.

18% of the monthly wage fund

Employer shall pay 18% of the monthly wage stated in the labor contract entered into with employees.

To (1):

Article 91.1 of Social Insurance Law and Article 42.1 of Decree 152/2006/NĐ-CP;

To (2):

Article 92.1 of Social Insurance law and Article 43.1 of Decree 152/2006/NĐ-CP;

The ceiling of the monthly wage on which the Social Insurance anchored is 20 months of common minimum wage.

The common minimum wage is prescribed in Article 3 of Decree 66/2013/ND-CP on Common Minimum Salary

Article 94 of Social Insurance Law, Article 45 of Decree 152/2006/NĐ-CP, Article 26.3 of Decree 190/2007/NĐ-CP and Part C.3 of Circular 03/2007/TT-BLĐTBXH;

Voluntary Social Insurance

22% of desired income level

The monthly premium payment level is 22% of the desired income level.

The ceiling of income level desired for calculating voluntary social insurance premiums is 20 months of common minimum wages

Not required

To (1):

Article 100.1 of Social Insurance Law, Part 3.2 of Circular 02/2008/TT-BLĐTBXH;

Health Insurance

1.5% of monthly wage

Employees shall pay 1.5% of their monthly wage.

3% of the monthly wage fund

Employer shall pay 3% of the monthly wage (used for social insurance payment) stated in the labor contract entered into with employees.

To (1) and (2):

Article 13.(a) of Medical Insurance Law No. 46/2014/QH13 (“Medical Insurance Law”) and Article 2.1(a) of Decree 105/2014/NĐ-CP;

The ceiling of the monthly wage on which the Health Insurance anchored is 20 months of common minimum wage

Article 13.5 of Medical Insurance Law;

Trade Union Fees

1.5% of monthly wage

Employees shall pay 1% of their monthly wage.

2% of the monthly wage fund

Employer shall pay 2% of the monthly wage (used for social insurance payment) stated in the labor contract entered into with employees.

To (1)

Point 1.3 of Part I of Guidance (of the Labor confederation) No. 258/HD-TLD dated 7 March 2014;

To (2)

Article 26.2 of Trade Union Law No. 12/2012/QH13 and Article 5 of Decree 191/2013/ND-CP;