From July 1, 2018: Changes in social insurance contribution rates affect millions of people

PV May 6, 2018 09:48

Vietnam Social Security (VSS) said that from July 1, 2018, the basic salary will increase by 90,000 VND/month, from the current 1.3 million VND/month to 1.39 million VND/month. Therefore, the social insurance and health insurance (HI) contribution levels will also change accordingly.

Specifically, the health insurance premium for non-professional workers at the commune level is 62,550 VND/month. Calculated according to the formula: 1,390,000 VND x 4.5% = 62,550 VND/month.

The social insurance contribution for non-professional workers at the commune level is 111,200 VND/month. Calculated by the formula: 1,390,000 x 8% = 111,200 VND/month.

Social insurance and health insurance contributions will increase according to basic salary from July 1.

Social insurance contribution amount for other subjects receiving salary as prescribed by the State = (salary + allowances calculated according to the basic salary of 1,390,000 VND/month) x 8%.

The amount of health insurance premium for other subjects receiving salaries as prescribed by the State = (salary + allowances calculated according to the basic salary of 1,390,000 VND/month) x 4.5%.

Maximum amount of social insurance contribution for employees and beneficiariessalaryState-regulated = 1,390,000 x 20 x 8% = 2,224,000 VND/month.

New contribution rates apply from July 1, 2018.

According to Tienphong.vn
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From July 1, 2018: Changes in social insurance contribution rates affect millions of people
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