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Social insurance in Vietnam – Contribution of enterprises from June 2017

Social insurance in Vietnam – Contribution of enterprises from June 2017

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Thay đổi mức đóng BHXH của doanh nghiệp từ tháng 6/2017

Vietnam social insurance – changes from June 2017

On April 14th, 2017, the government issued the Decree No.47/2017/NĐ-CP regulating the rates of Vietnam social insurance enterprises’ contribution paid in the Insurance Fund for labor accidents and occupational sickness. This will be a change affecting companies’ internal hr management in the future.

vietnam social insurance
Vietnam social insurance

Accordingly, The employers only have to pay 0,5% (current regulation is 1%) of their salary fund which is based to calculate the social insurance for labor accident and occupational sickness fund of employees.

Therefore, the total premium will be reduced to 32% from 01/06/2017. While the current regulation is 32.5%.

This decree will be effective from  June 01st, 2017.

Social premium is reduced but the base salary is expected to rise to VND 1,300,000 and insurance claims (on total wages and allowances), whereby, will be increased in the future.

In order to properly and optimally comply with the state regulations, manage and control monthly payrolls, customers should recalculate the payroll system, salary structure, allowances and the labor contract for proper compliance and cost optimization.

 

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business 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.

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

 

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