Want to be in the loop?
subscribe to
our notification
Business News
ONE-TIME SOCIAL INSURANCE CASES APPLIED TO FOREIGN WORKERS
According to Government Decree 143/2018/ND-CP issued on October 15, 2018 and put into force on December 1, 2018, providing details on enforcement of compulsory social insurance for foreign workers working in Vietnam under the Law on Social Insurance and the Law on Occupational Safety and Health. There are four cases that foreign workers are entitled to receive one-time social insurance.
Specifically, foreign workers holding foreign nationality and working in Vietnam are subject to compulsory social insurance when they have work permits or practicing certificates or a practicing licences issued by a competent Vietnamese agency and have labour contracts with indefinite terms and labour contracts with definite terms from one year or more with employers in Vietnam. Like Vietnamese workers, foreign workers are subject to compulsory social insurance regimes, including sick leave, maternity leave, labour accident insurance, occupational disease, retirement and death allowances; compulsory social insurance for workers is calculated on the time they pay social insurance according to the law.
In case they want to receive one-time social insurance, foreign workers must be old enough to receive pensions but pay social insurance premiums for less than 20 years; they carry life-threatening diseases such as cancer, polio, cirrhosis, leprosy, severe tuberculosis and HIV/AIDS and other diseases as prescribed by the Ministry of Health; they are eligible for retirement pensions but not residing in Vietnam; and they terminate their employment or their work permit, practicing certificate or practicing licence expires without being extended.
The time for calculating one-time social insurance payment starts upon the date recorded in the decision of competent social insurance agency; the adjustment of wages subject to social insurance premium to calculate one-tine social insurance payment is based on the time recorded in the decision of the social insurance agency. Regarding the level of one-time social insurance payment for foreign workers, for every year of social insurance, they will get 1.5 months of the average monthly salary subject to social insurance premium in the years before 2014 or 2 months of the average monthly salary subject to social insurance premium in the years after 2014. To be entitled to a one-time social insurance payment, within 10 working days from the date of termination of the labour contract or from the time their work permit or practice certificate expires (depending on which condition comes first), workers do not continue to work or are not employed further, they can apply for one-time social insurance payment to social insurance agencies. Within five working days after receiving complete documents as prescribed, social insurance agencies shall have to settle and arrange payment to workers. In case of settlement failure, they shall have to reply in writing, clearly stating the reason.
Source: VCCI
Related News
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
























