On 15/10/2018, the Government issued Decree No 143/2018/NĐ-CP detailed regulations on social insurance and safety laws, labor sanitation on compulsory social insurance for foreign labors working in Vietnam. This Decree takes effect from the date of its promulgation.
Accordingly, Decree No 143/2018/NĐ-CP has notable new highlights as follows:
Labors are foreign nationals working in Vietnam who have a work permit or a practicing certificate or practicing certificate granted by a competent Vietnamese agency and have an indefinite-term contract, A labor contract with a term of one full year or more with employers in Vietnam will be subject to compulsory social insurance. Accordingly, foreign workers are required to comply with the following compulsory social insurance schemes: sick; maternity; insurance for occupational accidents and diseases; retirement and death.
In cases where the laborers being foreign citizens terminate the labor contracts or the validity of the work permits or practice certificates or practice licenses expire (whichever comes first) if the employee fails to continue working under a labor contract is not entitled to a license extension, the employee shall be entitled to one-time social insurance benefits..
It can be seen that, Decree No 143/2018/NĐ-CP has specific regulations, detailed guidelines on social insurance for specific objects are outsiders, thereby creating favorable conditions for their work as well as living in Vietnam, as well as strengthening the state management of these objects.