Social Security
Vietnam | Social Insurance (“SI”) claim for foreigners
Summary
Effective from December 2018, foreign employees working in Vietnam who qualifies under certain conditions became subject to the compulsory SI contribution scheme in Vietnam.
Subsequently, there were several documents, issued by the Vietnam Social Insurance Agency (“SIA”), to guide the implementation of the new SI Law, in which, one-off SI contribution claim is of particular interest to expatriate employees.
The detail
SI contributions are required for foreign individuals who meet all the following conditions:
Upon the termination of Vietnam employment contract or expiration of the foreign employee’s work permit, the foreign employee can claim a one-off payment on the contributed amount from the SIA. The claim procedures are similar to that of a Vietnamese employee.
Generally, for an expatriate employee, the following procedures would apply.
Step 1 – Prepare and compile the required documents. Documents such as original SI book, application form (Form 14-HSB), employment termination letter, document proving cancellation of temporary resident card, departure flight ticket, copies of passport etc. are some supporting documents required for the claim.
Step 2 – Submit the documents to SIA.
Step 3 – SIA review and process the claim. The review and approval process takes 5 business days. But this could be longer if additional documents are required by SIA. Once approval is obtained, SIA will process the benefit claim. In practice, the total processing time for step 3 generally takes 10 business days. If an application is rejected, SIA will provide a written response stating the basis of rejection.
Contact us
For a deeper discussion on the above, please reach out to your Vialto Partners point of contact, or alternatively:
Brittany Chong
Partner