Vietnam: Relief measures for employers (COVID-19)

Support for employers and their employees encountering challenges resulting from coronavirus

Support for employers and their employees encountering challenges from coronavirus

The government approved Resolution No. 68/NQ-CP (1 July 2021) on several policies to support employers and their employees encountering challenges resulting from the coronavirus (COVID-19) pandemic.

To expedite the implementation of these relief measures, the Prime Minister issued Decision No.23/2021/QD-TTg (7 July 2021) with detailed guidance for applying these policies.

Among the relief measures or policies to support employers are provisions that:

  • Reduce the contribution rate for labour accident and occupational disease insurance to 0% (from 0.5%) for 12 months (from 1 July 2021 through 30 June 2022)
  • Suspend payments to the retirement and survivorship fund for six months
  • Provide financial support for vocational training for employees
  • Provide loans with a 0% interest rate when used to pay job-cessation and recovery-related salaries in certain sectors such as transportation, travel, and hospitality

Read a July 2021 report [PDF 91 KB] prepared by the KPMG member firm in Vietnam

 

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