About the contribution rates and methods from January 1, 2022, the employees who are foreign nationals working in Vietnam shall be required to participate in the compulsory SI program shall, on a monthly basis, make a SI contribution accounting for 8% of his/her monthly pay to the retirement and death benefit fund.

The employer, on a monthly basis, make a SI contribution in proportion to the employee’s payroll in the SI payment month as follows:

• 0.5% of the abovementioned payroll paid into the occupational accident and disease benefit fund;
• 3% of the abovementioned payroll paid into the sickness and parental insurance benefit fund;
• 14% of the abovementioned payroll paid into the retirement and death insurance benefit fund, in effect from January 1, 2022.

CASES OF THE ONE-OFF SOCIAL INSURANCE REFUND FOR FOREIGN EMPLOYEESIN VIET NAM

Employees who are foreign nationals working in Vietnam shall be required to participate in the compulsory Social Insurance and if those employees wishes to receive the one-off payment, he/she shall be entitled to the one-off benefit entitlement provided that:

1. He/she reaches the retirement pension entitlement requirements age, but has not yet reached the period of 20 years of SI contribution;
2. He/she is currently suffering from one of the deadly diseases regulated by the Ministry of Health;
3. He/she has fully satisfied retirement pension entitlement requirements but has discontinued residing in Vietnam; His/her employment contract is terminated, or his/her labor permit, practicing certificate or practicing license expires without being permitted for renewal.