Dispatch No. 1927/BHXH-TST dated June 26th, 2023 of the Vietnam Social Security regarding collection of social insurance, health insurance and unemployment insurance premiums, and insurance premiums for occupational accidents and occupational diseases according to statutory pay rate of VND 1.800.000/month

This Dispatch provides guidelines for adjustment of salary on which social insurance, health insurance and unemployment insurance premiums, and insurance premiums for occupational accidents and occupational diseases are based from July 1st, 2023 according to the statutory pay rate of VND 1,800,000/month as prescribed at Decree No. 24/2023/ND-CP .

Accordingly, cases eligible for increase in compulsory social insurance premiums according to the statutory pay rate of VND 1,800,000/month from July 1st, 2023 include:

a) Employees who participates in compulsory social insurance, health insurance, unemployment insurance and occupational accident and occupational disease insurance, and are entitled to the statutory pay rate of VND 1,800,000/month specified in Article 2 and used as the basis for determining the levels of salaries and allowances specified in Clause 1 and Clause 2 Article 3 of Decree No. 24/2023/ND-CP.

b) Employees working in foreign countries under contracts prescribed in the Law on Vietnamese Guest Workers and persons on spouse allowance in overseas Vietnamese representative missions prescribed in Point g Clause 1 Article 2 and Clause 4 Article 123 of the Law on Social Insurance in 2014 who participate in compulsory social insurance but before they work in foreign countries under contracts or are entitled to spouse allowance in overseas Vietnamese representative missions: (i)They have participated in compulsory social insurance and paid insurance premiums according to the pay scheme prescribed by the State; (ii) They have not participated in compulsory social insurance or they have already participated in compulsory social insurance but received lump sum social insurance benefits.

c) Managers, Party Committee Secretaries, Deputy Party Committee Secretaries, and Chairpersons of the Trade Unions of single-member limited liability companies of which charter capital is wholly owned by the State, participating in insurance programs according to the salary coefficients stated in the Appendix I enclosed with Decree No. 52/2016/ND-CP .

As of July 01, 2023, participants in voluntary social insurance programs may pay voluntary social insurance premiums according to the highest monthly income of VND 36,000,000/month (VND 1,800,000/month x 20 times).

In addition, health insurance premiums with regard to entities that receive assistance from the State in paying health insurance premiums, household-based buyers of health insurance, entities whose health insurance premiums are wholly covered by state budget shall be also paid according to the statutory pay rate of VND 1,800,000/month from July 1st, 2023.