CONDITIONS FOR BUSINESSES TO APPLY FOR THE LOWER OCCUPATIONAL DISEASE AND ACCIDENTS INSURANCE RATE

CONDITIONS FOR BUSINESSES TO APPLY FOR THE LOWER OCCUPATIONAL DISEASE AND ACCIDENTS INSURANCE  RATE

      From July 15, 2020, according to Decree No. 58/2020 / NĐ-CP, businesses are proposed to pay compulsory social insurance premium into the Occupational accident and occupational diseases fund lower than the normal rate (only pay 0,3% of the salary fund as a basis for paying social insurance instead of 0,5%) when meeting the following four conditions: No Conditions 1 Businesses that operate […]

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Updates – Things to know about unemployment insurance

Updates – Things to know about unemployment insurance

03 types of papers that can be replaced in the unemployment insurance claim Decree No. 61/2020 / ND-CP on Unemployment Insurance takes effect from July 15, 2020. This Decree has added 03 types of papers that can be used in the application for unemployment insurance benefits: – Confirmation from the business, clearly stating the employee’s information; type of labor contract signed; reason, time of labor […]

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Instructions about parental insurance benefit for foreigner

Instructions about parental insurance benefit for foreigner

The Ministry of Labor, War Invalids and Social Affairs issues the Official Dispatch No. 2161//LĐTBXH-BHXH dated June 16th, 2020 regarding the implementation of regulations on foreign workers’ parental insurance benefits. Case in which male workers or employees paying social insurance contributions take care of their child-bearing wives.  According to Article 7 of Decree No. 143/2018/ND-CP dated October 15th, 2018, elaborating on the Law on Social […]

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Pension – Conditions & How to calculate

Pension – Conditions & How to calculate

1. Conditions for pension enjoyment: For men: being full 60 years old, for women: being full 55 years old, who have paid social insurance premiums for at least a full 20 years. No age limit for people living with HIV/AIDS due to occupational accidents. The Government stipulates the conditions for pension entitlement age in some special cases. In the above cases, the employee will be […]

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Hand over Social Insurance Book for employees

Hand over Social Insurance Book for employees

Follow official dispatch No. 3118 / BHXH-CST, Recently, the Company has checked and handed over Social Insurance Book to employees Letting employees manage their Social Insurance Book is one of the policies to ensure protect employee’s benefits From that, employees can capture full information about their social insurance payment process, promptly detect shortcomings and deviations in the Social Insurance Book to request the company to […]

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7 SUBJECTS CAN GET BENEFIT SUPPORT BECAUSE OF THE EFFECT COVID-19 VIRUS

7 SUBJECTS CAN GET BENEFIT SUPPORT BECAUSE OF THE EFFECT COVID-19 VIRUS

  No Subject Support level 1 Employees have to delay a labour contract, leave their job and don’t calculate salary over 1 month. 1.800.000 vnd/ person/ month 2 The employer has financial difficulties and already paid a 50% stop-working salary to their employee. Permission business loan capital maximum 50% of region minimum wage for each employee with interest 0%. 3 Business Households have revenue under […]

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Sickness benefits for employees follow isolation social (COVID-19)

Sickness benefits for employees follow isolation social (COVID-19)

In order to ensure the rights of employees against the complicated situation of new coronavirus(COVID-19), Vietnam Social Insurance has sent a dispatch to the Ministry of Labor – Invalids and Social Affairs on the settlement of social insurance regime for employees. The program was requested to implement medical isolation measures to prevent from COVID-19. According to this dispatch, workers who are subject to medical isolation […]

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[INSURANCE] ANNOUNCEMENT OF GENERAL MINIMUM WAGE ADJUSTMENT STARTED FROM JULY 2020

Pursuant to Resolution No. 86/2019/ QH14, from July 01, 2020, the General Minimum Wage (GMW) will be officially increased from VND 1,490,000/ month to VND 1,600,000/ month (increasing 110,000 VND / month). Accordingly, with the increased GMW, the cap for Social insurance, Health insurance and Maternity allowance (in addition to 6 months of benefit) is as follows: The cap for social insurance, health insurance (old) […]

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