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Confusion, worry reigns over Vietnam’s new insurance policy

If foreigners do not plan to retire in Vietnam, does the policy of making social insurance compulsory for them make sense?

Compulsory social insurance scheme for expats in Vietnam

Under a new decree, all foreigners with labor contracts of at least a year will be subject to compulsory social insurance payments starting 2022.

Foreign workers set to come under social security net in Vietnam

From 2022 expat workers will be required to pay social insurance premiums, which will go into a retirement fund.
October 19, 2018 | 03:03 pm GMT+7

Aging population prompts Vietnam to look at raising retirement levels

People will have to work for an extra five years to get their pensions if one option is approved.
April 25, 2018 | 07:40 am GMT+7

Vietnam ready to slap compulsory social insurance tax on expats

Businesses are also concerned about the added costs they will have to fork out under the draft decree.
April 04, 2018 | 01:55 pm GMT+7

Vietnam sees six-fold rise in foreign workers since 2004

Officials are looking into ways to collect social insurance payments from them.
May 24, 2017 | 02:25 pm GMT+7

Foreign workers may be forced to pay social insurance in Vietnam

But with so many foreigners working under the radar, it's difficult to see how the new regulation would be enforced.
April 19, 2017 | 03:16 pm GMT+7

Vietnamese businesses owe $440 mln to social insurance fund

Foreign companies owed more than 12 percent of the debt that should be used to pay workers' pensions.
February 08, 2017 | 10:10 am GMT+7

Half of Vietnam's workforce opts for early retirement, threatening pension fund

The lack of balance could push the country’s social insurance fund to the verge of bankruptcy
October 29, 2016 | 10:04 am GMT+7
 
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