This is the notable content of the Draft Decree on the compulsory social insurance contribution rate to the Occupational Accident and Disease Insurance Fund, which is still in the period of collecting feedback.
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Draft Decree on mandatory social insurance contributions to the Occupational Accident and Occupational Disease Insurance Fund
To be specific, according to the content of this Draft, the monthly occupational accident and disease insurance contribution rate of employers will be 0.7% of the payroll fund used as the basis for social insurance contributions of employees (currently, this rate is 0.5%), except in the following cases:
1. Employers in Communist Party agencies, mass organizations, armed forces, state agencies, and public service providers shall pay 0.5% of the payroll fund used as the basis for social insurance contributions of employees monthly.
2. Employers shall pay 0.5% of the payroll fund used as the basis for social insurance contributions of employees monthly if they fully meet the following conditions:
- They must report occupational accidents and workplace safety and hygiene periodically and accurately for 3 consecutive years before the proposed adjustment, completing all forms, content, and timing as prescribed.- No violations of workplace safety and hygiene regulations for 3 consecutive years before the proposed adjustment.- Reduction of 50% in the frequency of occupational accidents (including accidents occurring on the commute to and from work) from the year preceding the adjustment proposal compared to the average occupational accident frequency of the 3 consecutive years preceding the proposed adjustment for enterprises in high-risk industries for occupational accidents and diseases, or a 75% reduction for other enterprises.- The average cost of implementing workplace safety and hygiene plans for 3 consecutive years before the proposed adjustment must be at least 0.3% of the payroll fund used as the basis for social insurance contributions of employees.- Achieving certification of a workplace safety and hygiene management system according to ISO 45001:2018 standards.
3. Employers shall pay 0.3% of the payroll fund used as the basis for social insurance contributions of employees monthly if they fully meet the following conditions:
- They must report occupational accidents and workplace safety and hygiene periodically and accurately for 3 consecutive years before the proposed adjustment, completing all forms, content, and timing as prescribed.- No violations of workplace safety and hygiene regulations for 3 consecutive years before the proposed adjustment.- Reduction of 75% in the frequency of occupational accidents (including accidents occurring on the commute to and from work) from the year preceding the adjustment proposal compared to the average occupational accident frequency of the 3 consecutive years preceding the proposed adjustment for enterprises in high-risk industries for occupational accidents and diseases, or no occurrence of occupational accidents (including accidents occurring on the commute to and from work) for 3 consecutive years before the proposed adjustment for other enterprises.- The average cost of implementing workplace safety and hygiene plans for 3 consecutive years before the proposed adjustment must be at least 0.5% of the payroll fund used as the basis for social insurance contributions of employees.- Achieving certification of a workplace safety and hygiene management system according to ISO 45001:2018 standards.
4. Employers shall pay 1% of the payroll fund used as the basis for social insurance contributions of employees monthly if found to have falsely reported or falsified records of workplace safety and hygiene assessments as concluded by a competent state authority.
Thus, if this content in the Draft is approved, the total mandatory social insurance contribution rate of employers will soon be 21.7% instead of the current 21.5%.
Nguyen Trinh
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