Registered household business owners paying taxes under the declaration-based method have been required to participate in the compulsory social insurance scheme

The expansion of compulsory social insurance coverage to this group is being implemented for the first time. Vietnam Social Security (VSS) has undertaken several measures including widespread communication and raising awareness to help owners understand their rights, obligations and related regulation; issuing directives and guidance to provincial social security offices to compile information on household business owners subject to compulsory social insurance contributions in their localities; and organising conferences, sending notifications, or assigning officials to directly assist household businesses in completing registration documents.

At the same time, social security offices have coordinated with local authorities and relevant departments to review, mobilise and register household business owners into the compulsory social insurance scheme as prescribed.

Thanks to the proactive efforts of the entire VSS system, more than 12,300 registered household business owners nationwide are participating in compulsory social insurance, with an average monthly wage used as the basis for contribution of approximately VND 3.5 million.

In addition, many household business owners have already been participating in the compulsory social insurance scheme as employees of enterprises or organisations. Some receiving pensions or monthly social insurance allowances are not required to participate in the scheme as provided by law.

According to regulations, household business owners pay 29.5% of the chosen monthly wage as the basis for SI contribution, which must not be lower than the reference level (currently equal to the statutory base salary) and not higher than 20 times the reference level.
This contribution rate comprises 22% to the Retirement and Survivorship fund, 3% to the Sickness and maternity fund, and 4.5% to the Health Insurance fund.

Based on the current reference level, the contribution rate of household business owners are as follows: Minimum contribution rate: 29.5% × 2,340,000 = VND 690,300 per month; Maximum contribution rate (20 times the reference level): 29.5% × 20 × 2,340,000 = VND 13,806,000 per month.