Reduction of compulsory social insurance cost from June 1st, 2017

Government had issued Decree 44/2017/NĐ-CP dated April 14th, 2017 on pay compulsory social insurance cost to labor accident, occupational disease fund from June 1st, 2017.

Reduction from 1% to 0,5% of wage of the social insurance cost prescribed at point a, b, c, d, đ and h of Clause 1 article 2 of social insurance law, except employee is the charwoman.

Reduction from 1% to 0,5% of basic wage of employee prescribed at point e of Clause 1 article 2 of social insurance law.

For the employee who signed labor contract from 01 month to under 03 months shall apply this regulation from Jan 1st, 2018.

Employer Employee
Social insurance Unemployment insurance Health insurance Social insurance Unemployment insurance Health insurance
Retirement Labor accident, occupational disease Sickness, Pregnant Retirement Labor accident, occupational disease Sickness, Pregnant
14%

0.5 %

(currently 1%)

3% 1% 3% 8% - - 1% 1.5%
Total: 21.5% (currently 22%) Total: 10.5%

(http://www.tiengiang.gov.vn/vPortal/4/625/1244/106028/Phap-luat)       

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