28 July 2021
On 7 July 2021, the Prime Minister issued Decision No. 23/2021/QD-TTg to specify the application of the policy mentioned in Resolution No. 68/NQ-CP on several supporting policies for employees and employers who are facing difficulties due to COVID-19 pandemic. Some of the specific regulations are:
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Reducing premiums for occupational accident and occupational disease: Employers subject to this policy will be entitled to 0% payment for a period of 12 months from 1 July 2021. The entire amount from the reduction of contributions to the Insurance Fund for Occupational Accidents and Diseases will be used to support employees in the prevention and control of COVID-19 pandemic.
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Suspension of contributions to the retirement and survivorship fund: Employers who fully meet the conditions stated in this Decision may suspend contributions to the survivorship pension fund within 6 months from the date of submitting the application. After the expiration of the term, the employer must continue to contribute to the retirement and survivorship fund and make up for the suspension period.
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Support employees who are suspended from performing the labor contracts, take unpaid leave: Employees who are requested to be suspended from performing the labor contracts, take unpaid leave from 15 days or more from 1 May 2021, and work at places where operations have to be temporarily suspended due to the request of state authorities to prevent and control COVID-19 pandemic, are entitled to a support level depending on the number of days that have been suspended.
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Employers who satisfy the following conditions may borrow capital from the Social Policy Bank to pay salaries for suspended employees:
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There are employees working under labor contracts and participating in compulsory social insurance who are suspended from work for 15 days or more under the case of Article 99.3 of Labor Code 2019 from 1 May 2021;
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Having no bad debt at credit institutions and foreign bank branches at the time of loan application;
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Employers who satisfy the following conditions may borrow capital from the Social Policy Bank to pay employees' salaries when restoring production and business:
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For employers who have to suspend operations due to the request of state authorities to prevent and control COVID-19 pandemic from 1 May 2021 – 31 March 2022:
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Employers must temporarily suspend operations at the request of state authorities to prevent and control the COVID-19 pandemic during the period from 1 May 2021 – 31 March 2022.
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There are employees working under contracts who are participating in compulsory social insurance up to the time of applying for loans.
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Having a plan or plan to restore production and business.
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Having no bad debt at credit institutions, foreign bank branches at the time of loan application.
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For employers operating in the fields of transport, aviation, tourism, accommodation services and sending Vietnamese employees to work abroad under contracts to restore production and business:
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There are employees working under contracts who are participating in compulsory social insurance up to the time of applying for loans.
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Having a plan or plan to restore production and business.
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Having no bad debt at credit institutions and foreign bank branches, completed tax finalization for 2020 at the time of loan application.
The order, procedures, dossier composition and relevant forms for the application of the above policies are specified in this Decision.
For further information, please contact:
