When Can Foreigners Claim One-Off SI Refund in Vietnam?

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:

He/she reaches the retirement pension entitlement requirements age, but has not yet reached the period of 20 years of SI contribution;
He/she is currently suffering from one of the deadly diseases regulated by the Ministry of Health;
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.

Please contact with our experts for more guidance on required conditions, procedures and papers for your one-off Social Insurance refund

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VIVA BUSINESS CONSULTING

WHO WE ARE?

VIVA is the premium business consulting firm in Vietnam for market entry procedures, tax management, employment relation, corporate finance and local business procedures at local competent state agencies since 2006.
Our staying power thanks for the deep insights and integrated backgrounds in business laws – tax management – accounting – corporate finance – employment relations enhance us build trust and confidence and chosen by thousands of local and international clients from Hong Kong, Japan, US, EU, Singapore, India, China, Korea…. for their confident partner and successful business in Vietnam.

WHAT WE DO

VIVA offers one-stop platform, fully complied in optimal ways by local laws, for whole circle life of any enterprise in Vietnam:

Market entry and business regulations
Tax management
Accounting and Corporate Finance
Management of labor relations and payroll
Corporate – secretarial services
Local business procedures at any local competent state agencies
Mergers and Acquisitions.

WHERE WE ARE

With over 20-year journey in a single industry, our name valued by expanding list of successful and loyal clients:

We are recognized and selected by thousands of multinationals – foreign direct investment companies and investors in Vietnam
We are recognized and selected by thousands of global enterprise – foreign representative offices in Vietnam
We are recognized and selected by thousands of famous local companies in Vietnam

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

* VIVA Business Consulting is strictly complied with regulations on protection of personal data, according to Decree No.13/2023/ND-CP dated April 17, 2023, issued by Viet Nam government. VIVA use and keep your info for NO other purposes but providing exclusive service for you.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

Richard Branson