From Oct 1st 2021, the enterprises affected by Covid-19 pandemic shall be entitled to a reduced premium rate of 0 percent for 12 months

29/09/2021 06:55 AM


On Sept 24th 2021, the Governemnt issued Resolution No. 116/NQ-CP on support policy for employees and employers affected by Covid-19 pandemic from the Unemployment Insurance Fund.

Beneficiaries: Employers are eligible for Article 43 of the Law on Employment (excluding State agencies, socio-political organisations, people’s armed forces and public non-business agencies who are paid by the State budget) and covered by unemployment insurance before Oct 1st 2021.

Illustrative image (internet)

See Article 43 of the Law on Employment here.

Rate of reduction: premiums is reduced from 1% to 0% of the wage fund of employees covered by unemployment insurance.

Duration of premiums reduction: 12 months from Oct 1st 2021 to Sept 30th 2022.

Viet Nam Social Security Portal shall update this support policy.

.VSS