8 January 2022
On 22 December 2021, Ho Chi Minh City Social Insurance issued Official Letter No. 4447/TB-BHXH to inform about the social insurance premium for foreign workers and voluntary social insurance premium from 1 January 2022. The main content is as follows:
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The lowest voluntary insurance premium since 1 January 2022 is VND 330,000/month.
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Employers and foreign workers shall pay the social insurance premiums, health insurance, occupational accident insurance, the occupational disease fund by deducting an amount based on the monthly salary at the following rate:
From 1 December 2018, the rate is:
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Health insurance: Employers pay 3%, foreign workers pay 1.5%
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Sickness, maternity: Employers pay 3%
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Occupational accidents, occupational diseases: Employers pay 0.5%
From 1 January 2022, the rate is:
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Health insurance: Employers pay 3%, foreign workers pay 1.5%
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Sickness, maternity: Employers pay 3%
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Occupational accidents, occupational diseases: Employers pay 0.5%
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Retirement and death: Employers pay 14%, foreign workers pay 8%.
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The lowest monthly salary for payment of compulsory social insurance is equal to the regional minimum salary, the highest amount of payment is 20 times the base salary at the time of payment.
For further information, please contact:
