- Compulsory social insurance attendance is from Oct 1st 2009
- Payment method: every 6 months or 1 year, following the health insurance card extension of local employees. For this year, 2009, payment will be settled once for 3 months, from Oct 2009 to Dec 2009.
- Payment rate:
- From Oct 1st 2009: employer contribute 2%, employee contribute 1%
- From Jan 1st 2010; employer contribute 3%, employee contribute 1.5%
- The social insurance payment will be settled base on the wage stated in the labor contract. If contract salary is foreign currency, it must be converted into VND with exchange rate governed by Social Insurance Department (equivalent to that of Inter Bank: rate of Jan 2 nd will be applied for 6 first months and rate of Jul 1 st will be applied for last 6 months). The maximum wage for social insurance contribution is 20 times of minimum wage at the time of payment (current minimum wage is 650.000 VND)
- Initial hospital treatment registered: Foreign employees are permitted to register a non-public hospital, provincial hospital and the equivalent
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Health Insurance compulsorily applied for foreign workers in Vietnam
Knowledge Center Professional Compliance Health Insurance compulsorily applied for foreign workers in Vietnam
| Health Insurance compulsorily applied for foreign workers in Vietnam |
| Monday, 16 November 2009 10:09 |
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Pursuant to Circular No 09/TTLT-BYT-TC issued by Ministry of Health and Ministry of Finance on August 14 th 2009, the Social Insurance Departments have distributed official documents to guideline the compulsory insurance attendance of foreign employees who are contracted over 3 months.
The responsibility is governed as follow As well as regulated of this circular, during the time employees are on pregnancy leave or bring up adopted children under 4 month old, employer and employee are exempted from paying health insurance and employee still beneficiaries of continuous health insurance (As stipulated in Point a, Clause 1, Article 13 of the Law on health insurance). Read more revenue guidance as defined by the provincial social insurance Department specific instructions.
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Last Updated on Friday, 20 November 2009 16:47
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