Resolution No. 116/NQ-CP dated September 24th, 2021 of the Government on policies to support employees and employees in difficulty due to covid-19 pandemic from unemployment insurance fund

Due to serious impacts of the Covid-19 pandemic on enterprises and employees, the Government decides to use the Unemployment Insurance Fund to implement these support policies:

- To reduce the unemployment insurance payment rate of enterprises from 1% of their wage funds to 0% for a duration of 12 months (October 1st, 2021 - September 30th, 2022) with regard to enterprises that are participating in unemployment insurance before October 1st, 2021

- To give financial aid from VND 1,800,000 – VND 3,300,000/person, depending on the UI contribution period during which unemployment benefits are not received. The financial aid shall be given from October 1st, 2021 - December 31st, 2021.

Employees entitled to the financial aid include: (i) employees that are participating in unemployment insurance as of September 30th, 2021 or (ii) have stopped paying unemployment insurance due to the termination of their labour contracts or working contracts between January 1st, 2020 and September 30th, 2021 and have unemployment insurance premium payment period reserved (except monthly old-age pensioners)

The Ministry of Labor- Invalids and Social Affairs shall take charge and coordinate with Vietnam Social Security in implementing the support policies prescribed in this Resolution.