Related news New decree issued on compulsory social insurance for foreign workers Vietnam Health Insurance - steps in the right direction Bac Giang strives for high coverage of health insurance Bac Giang is among localities with highest rate of compulsary social insurance coverage Action month launched to call for people’s participation in health insurance

Addressing a VSS conference in Hanoi on November 2, Anh said that under Decree No.143/2018/ND-CP detailing the Law on Social Insurance and Law on Labour Safety and Hygiene, foreigners working in Vietnam with a work permit, practice certificate, or practice licence granted by competent Vietnamese authorities and under indefinite-term labour contracts or contracts with a term of one full year and over shall be subject to compulsory social insurance.

Illustrative image.

Those temporarily transferred from parent companies abroad to subsidiary firms in Vietnam or reaching the retirement age shall not be subject to the compulsory social insurance scheme.

Deputy head of the VSS Deparment of Social Insurance Policy Implementation Dinh Thi Hien stated that currently, foreigners have yet to join social insurance in Vietnam, so from December 1, 2018 to December 31, 2021, they are not subjected to compulsory insurance.

From January 1, 2022, foreign laborers who are subjected to the compulsory social insurance scheme must pay 8 percent of their salary stated in their contract to the retirement and survivor fund as their Vietnamese peers do.

For employers, from December 1, 2018 to December 31, 2021, they must pay insurance for employees to the fund for sickness, maternity, workplace accident, and occupational disease. From January 1, 2022, employers must pay an additional 14 percent of their monthly salary fund to retirement and survivor insurances.

According to statistics by the Ministry of Labour, Invalids, and Social Affairs (MoLISA), the number of foreign employees in Vietnam increased from 63,557 in 2011 to 83,046 in 2016. They mostly come from Asian countries like China, the Republic of Korea, and Japan, accounting for 73 percent of the total, followed by European nations (21.6 percent) and American countries (2.4 percent).

Those with employment contracts of under one year only make up 4.4 percent, which is in response to the local demand for and sustainability of foreign workers in the country.

VSS Deputy General Director Anh said that the VSS has finished the fourth round of negotiations with the Republic of Korea, one of Vietnam’s biggest bilateral overseas labor partners.

The VSS has also been implementing necessary negotiation processes with Japan and Germany, as well as all countries with overseas laborers in Vietnam.

Anh added that the bilateral deals will support foreign laborers in Vietnam to join social insurance, which is one of the benefits.

Health insurance coverage reaches 87.25 percent of population

Around 81.76 million people have joined health insurance as of the end of August, or 87.25 percent of the population, according to the Vietnam Social Security (VSS). 

 

VSS, Danish Embassy ink deal on health insurance-related cooperation

The Vietnam Social Security (VSS) and the Danish Embassy signed a memorandum of understanding (MoU), on August 21, to help the VSS improve its health insurance verification staff’s capacity in 2018 and 2019.

 

Accelerating roadmap for universal health insurance

(BGO) - Implementing Directive No. 08-CT/TU dated September 1, 2016 of the Standing Board of the Bac Giang provincial Party Committee on developing health insurance participants, Party committees and authorities in Bac Giang city and districts have focused on maintaining and expanding target groups and increasing coverage to accelerate the universal health insurance roadmap.

 

Over 81% of Vietnamese population covered by health insurance

Some 81.3 million people across Vietnam have been covered by health insurance by the end of May, up nearly 21 million people from 2012 or 35.6% and representing 81.7% of the population.

 

Draft plan on social insurance reform supported by PCC members

The draft plan on reforming social insurance policy received much support from members of the 12th-tenure Party Central Committee (PCC) when it was discussed at the fourth working day of the committee’s 7th plenary session on May 10.

 

Source: VNA