From June 01st, 2017: Reducing of 0,5% of labour accident and occupational disease insurance premium rate

Date modify: 04-25-2017
This content was proposed in the Decree No.44/2017/ND-CP regulated the compulsory social insurance premium rate which was issued by the Government and takes effectives from June 01st, 2017.

According to regulations in the Decree, the employers monthly pay into the labour accident and occupational diseases insurance fund in accordance with the Clause 3 Article 44 of the Law on Labour Safety and Hygiene with the rate as follow:

According to this Decree, from June 1st, 2017, enterprises shall only pay occupational accident and occupational disease insurance premiums at the rate of 0.5% of salary fund which is used as the basis for paying social insurance premiums for employees instead of 1% (under Clause 1 Article 4 of Decree No. 37/2016/ND-CP).

Entities subject to the occupational accident and occupational disease insurance are all labour contracts with a term of full 3 months or longer. For labour contracts with a term of between full of 01 month and less than 03 months, the contribution to the occupational accident and occupational disease insurance shall be compulsory from January 1st, 2018.

The Government shall consider adjusting the aforesaid premium rate from January 1st, 2020, based on the capacity for balancing the insurance Fund for occupational accidents and occupational diseases.

This Decree takes effect from June 1st, 2017. The regulations in Article 4 and Clause 1 Article 34 of Decree No. 37/2016/ND-CPstatus2 dated May 15th, 2016 shall be expired as from the effective date of this Decree.

Evaluation

(Hover your mouse on the stars to select a point)
   refresh_Capcha

Highlights

The Prime Minister asks for efforts to reduce drug supply, demand and impactThe Children Law takes effect from June 1stObjective programme on developing a social support system for the 2016-2020 period From June 01st, 2017: Reducing of 0,5% of labour accident and occupational disease insurance premium rateImproving the quality of dispatching Vietnamese labourers working abroadDeputy Minister Nguyen Trong Dam receives the Delegation of Korean Society of Rehabilitation of People with DisabilitiesMinister Dao Ngoc Dung receives Japanese Ambassador to VietnamDeputy Minister Dao Hong Lan receives Vice President of International SOS Children's Villages40 years of cooperation between the Ministry of Labour- Invalids and Social Affairs and Kinderhilfe Hyvong Vietnam E.V OrganisationVietnam - Saudi Arabia to enhance cooperation on labor and employmentDeputy Minister Dao Hong Lan welcomed Vietnam delegation back from the 11th ASEAN Skills Competition 2016Minister Dao Ngoc Dung had a meeting with press agencies of Ministry of Labours-Invalids and Social Affairs (MOLISA)Minister Dao Ngoc Dung had a cordial meeting with Director of USAIDVice President Đặng Thị Ngọc Thịnh attend Global Summit of Women in Warsaw, Poland. Prime Minister approves programme reducing child labour