On May 27, 2020, the Government issued Decree 58\/2020\/ND-CP stipulating the level of compulsory social insurance contributions to the Insurance Fund for Occupational Accidents and Occupational Diseases (\u201cDecree 58\/2020\/ND-CP\u201d). According to the content in Decree 58\/2020\/ND-CP:
\nThe rates of contribution to the Insurance Fund for occupational accidents and occupational diseases are as follows:
\nNormal contribution rate shall be equal to 0.5% of the statutory base payroll, which is applicable to employees who are public officials, civil servants or public employees, and members of the armed forces under the control of authorities of the Party and State, socio-political organizations, military, public security forces or public service units funded by the state budget;
\nThe contribution rate equaling 0.3% of the statutory base payroll shall be applicable to enterprises that satisfy the conditions specified in Decree 58\/2020\/ND-CP.
\nConditions for employers to reduce the compulsory social insurance
\nEnterprises operating in industries with high risks of occupational accidents and diseases shall be entitled to the contribution rate equaling 0.3% of the statutory base payroll if they conform to following eligibility requirements:
\nWithin three years prior to the submission date, they have not been subject to any administrative monetary fine or any criminal prosecution for their violation against laws on occupational safety, hygiene and social insurance;
\nThey have submitted periodic reports on workplace accidents, occupational safety and hygiene in an accurate, sufficient and timely manner within three consecutive years prior to the submission year;
\nFrequency rate of occupational accidents in the year preceding the submission year must drop by at least 15% of the average frequency of workplace accidents in 3 consecutive years prior to the submission year, or have not had any occupational accident 3 years preceding the submission year.
\nThis Decree shall take effect from July 15, 2020. Regulations laid down in the Government\u2019s Decree No. 44\/2017\/ND-CP dated April 14, 2017, prescribing the rates of compulsory social insurance contributions to the workplace accident and occupational disease benefit fund, and point b of clause 1 of Article 13 in the Government\u2019s Decree No. 143\/2018\/ND-CP dated October 15, 2018, providing details about implementation of the Law on Social Insurance, and the Law on Occupational Safety and Hygiene, in terms of compulsory social insurance for employees who are foreign citizens working in Vietnam, shall become defunct from the effective date of Decree 58\/2020\/ND-CP.<\/p>\n","protected":false},"excerpt":{"rendered":"
On May 27, 2020, the Government issued Decree 58\/2020\/N […]<\/p>\n","protected":false},"author":3,"featured_media":12138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-12142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-16"],"_links":{"self":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/12142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/comments?post=12142"}],"version-history":[{"count":0,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/12142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media\/12138"}],"wp:attachment":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media?parent=12142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/categories?post=12142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/tags?post=12142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}