KEY INNOVATIONS IN THE 2024 SOCIAL INSURANCE LAW

Expanding the compulsory social insurance participants.

Beyond the mandatory social insurance coverage stipulated in Article 2 of the 2014 Social Insurance Law, Article 2 of the 2024 Social Insurance Law has broadened the category of employees covered by compulsory social insurance to encompass:

a) People working under indefinite-term employment contracts, employment contracts with terms of at least 01 month, even if they are referred to by other names by the employers and employees, as long as they specify the job, salary, remuneration, and the management of one party;

b) Officials and public employees;

c) Workers, public employees in military forces; police workers, people doing other jobs in cipher organizations;

d) Officers and career military personnel of the people’s army; officers and non-commissioned officers in police forces; and people doing cipher work and receiving the same salaries as military personnel;

đ) Non-commissioned officers and soldiers of the people’s army; non- commissioned officers and conscripts of the police; military, police and cipher cadets entitled to subsistence allowances;

e) Standing militia personnel;

g) Vietnamese guest workers defined by the Law on Vietnamese Guest Workers, unless otherwise prescribed by international treaties to which the Socialist Republic of Vietnam is a signatory;

h) Spouses who accompany members of Vietnamese diplomatic missions overseas during their tenure, do not receive salaries from state budget, and are entitled to subsistence allowances;

i) Enterprise managers, controllers, representatives of state capital, representatives of enterprises’ capital as prescribed by law; members of Boards of Directors, General Directors, Directors, members of Boards of Controllers or Controllers, and other elected managerial positions of cooperatives and cooperative unions prescribed by the Law on Cooperatives who receive salaries;

k) Part-time officials of communes and neighborhoods;

l) People who are mentioned in Point a of this Clause, do not work full time and whose salaries in the month is equal to or higher than the lowest salary on which compulsory social insurance is paid;

m) Owners of household businesses that participate in social insurance as prescribed by regulations of the Government;

n) Enterprise managers, controllers, representatives of state capital, representatives of enterprises’ capital as prescribed by law; members of Boards of Directors, General Directors, Directors, members of Boards of Controllers or Controllers, and other elected managerial positions of cooperatives and cooperative unions prescribed by the Law on Cooperatives who do not receive salaries.

Reduction in the minimum number of years of social insurance contributions:

The minimum number of years of social insurance contributions required to be eligible for monthly pension benefits has been reduced from 20 years to 15 years, as stipulated in Articles 64 and 98 of the 2024 Social Insurance Law.