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3. Social, Health and Unemployment Insurance (SHUI)
Compulsory insurance in Viet Nam comprises of Social Insurance (SI), Health insurance (HI) and Unemployment insurance (UI), which are jointly borne by the employer and employee.
SI contributions are payable by foreign individuals working in Viet Nam, holding a work permit, and employed under a Viet Nam labour contract with an indefinite term or a definite term of 1 year or more. HI contributions are required for Vietnamese and foreign individuals that are employed under Viet Nam labour contracts for at least three months.
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UI contributions are applicable to Vietnamese individuals only. Certain foreign employees internally transferred within a group and employees who have reached the statutory retirement age are not subject to compulsory SI contributions.
SI/HI/UI contribution rates
The insurance contribution levels for Vietnamese employees
The insurance contribution levels for foreign employees applicable from 01 July 2022 as follows:
The income subject to SI/HI/UI contributions includes salary, certain allowances and other regular payments. The capped salary for SI and HI calculation purpose is 20 times of Government monthly minimum salary, and for UI calculation purpose is 20 times of regional monthly salary. The minimum salary and minimum regional salary are set by the Government and annually reviewed.
