Legal News April 2017 in Viet Nam

Officially decreasing rate of social insurance premium payable by employers as of 1 June 2017 On 14 April 2017, the Government issued Decree No. 44/2017/ND-CP, on the rate of compulsory social insurance premium contributed to Occupational accident and diseases insurance fund (“Decree 44”). Accordingly, from 1 June 2017, the rate of compulsory social insurance premium contributed to Occupational Accident and Diseases Insurance Fund by employers shall be 0.5% of the salary fund taken as the basis to calculate social insurance premiums for the employees, as specified in Points a, b, c, d, dd and h of Clause 1 of Article 2...

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