On March 7th, 2019, Vietnam Social Insurance issued Official Letter No. 679/BHXH-BT guiding the collection of compulsory social insurance for foreign citizens working in Vietnam effective on 07/3/2019.
Accordingly, Official Letter No. 679/BHXH-BT has the following outstanding contents:
– An employee who is a foreign citizen working in Vietnam is subject to compulsory social insurance when he has a work permit or practice certificate or a practice license issued by a competent Vietnamese agency granting and having an indefinite term labor contract, a labor contract with a term of one year or more with employers in Vietnam.
– From January 1, 2022, the above-mentioned foreign laborers pay 8% of the monthly salary to the retirement and death fund.
Thus, Official Letter No. 679/BHXH-BT has clearly defined the subjects of compulsory social insurance payment, social insurance premiums for workers who are foreign nationals, ensuring consistency in the management of revenue sources of Social insurance fund.