Vietnam Social Security Scheme Update for Expatriate Workers
The government has issued the Social Security Scheme for expatriate workers, also known as Decree No. 143/2018/ND-CP, which will enter into force on December 1, 2018.
Expatriate employers and employees should familiarize themselves with term amendments since new regulations will affect payroll and taxation.
Both employers and employees are responsible for contributions to the scheme; the compulsory insurance package covers pension, sickness, maternity, labor and occupational accidents, retirement, and survivorship.
This is an excerpt from a more complete analysis available the full article by our subsidiary Vietnam Briefing.