Nearly 52,000 foreign workers participate in social insurance in Vietnam

Nearly 52,000 foreign workers from over 8,700 units have joined social insurance in Vietnam after just three months of compulsory social insurance collection for this group of labourers.

According to the latest data from the Vietnam Social Security, the total social insurance premium of this group reached over VND100 billion.

Currently, there are more than 80,000 foreign labourers working in Vietnam. Among them, most have been granted work permits.

After more than three months of implementing Decree No. 143/2018/NĐ-CP, detailing the Law on Social Insurance and the Law on Safety and Occupational Health on compulsory social insurance for foreign workers in Vietnam, over 64% of workers in the group have participated in compulsory social insurance, bringing in initial positive results.

In the following months, the local social insurance agencies have been urged to actively coordinate with the State management agencies on labour to capture the number of foreign workers subjected to compulsory social insurance, while instructing enterprises using foreign labour to perform their duty.

According to Decree No. 143/2018/NĐ-CP, from December 1, 2018, workers who are foreign nationals working in Vietnam are subject to compulsory social insurance.

The compulsory collection of social insurance for this object is carried out according to the roadmap detailed as following:

From December 1, 2018 to December 31, 2021, monthly, employers will contribute up to 3.5% of their monthly salary fund, which is the basis for paying social insurance premiums for employees, to the fund for sickness and maternity and the insurance fund for occupational accident and disease.

From January 1, 2022 onwards, the contribution will go up to 25.5% of the monthly salary for paying social insurance premiums for employees, in which, employers pay 17.5% and foreign workers pay 8%.


Source: Vietnam Net
Published on 18 March 2019

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