Vietnam: Relief, support for employers and employees (COVID-19)
Policies to support employees and employers affected by the pandemic by using the unemployment insurance fund
Policies to support employees and employers affected by the pandemic
A set of resolutions was issued in an effort to support businesses and individuals dealing with the financial implications of the coronavirus (COVID-19) pandemic.
- Resolution No. 03/2021/UBTVQH15 (24 September 2021) concerns policies to support employees and employers affected by the pandemic by using the unemployment insurance fund.
- Resolution No. 116/2021/NQ-CP (24 September 2021) stipulates the goals and support levels for pandemic-affected employees and employers from the unemployment insurance fund.
For employees, there is a one-time monetary support allowed for each worker, depending on the duration that the person has contributed to the unemployment insurance fund. The support is available for employees who are participating in the fund as of 30 September 2021 and those who have stopped participating in the unemployment insurance fund due to the termination of labour or work contracts for the period 1 January 2020 through 30 September 2021.
For employers, the relief reduces the contribution rate to the unemployment insurance fund to 0% (from 1%) during a 12-month period from 1 October 2021 through 30 September 2022 for employers participating in the fund before 1 October 2021.
Read a September 2021 report [PDF 80 KB] prepared by the KPMG member firm in Vietnam
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