1. State Policies on Social Insurance

State policies for social insurance include:

• Establishing a multi-layered social insurance system to cover the entire population.
• Protecting the legal rights of participants and providing credit support for unemployed workers.
• Ensuring state budget coverage for social pension benefits.
• Safeguarding and developing the social insurance fund.
• Encouraging support for voluntary social insurance participants, with additional support from local authorities.
• Improving social insurance legislation and developing IT infrastructure for digital transformation support.
• Promoting participation in supplementary retirement insurance.
• Social Insurance Reference Level: This is an amount determined by the Government for calculating contributions and benefits for certain social insurance schemes outlined in this Law. Adjustments are made based on changes in the consumer price index, economic growth, and the capacity of the state budget and social insurance fund.

2. International Cooperation on Social Insurance

International cooperation in social insurance operates on mutually beneficial terms, adhering to both international and Vietnamese law. The government encourages partnerships to develop a flexible, universal, and internationally integrated social insurance system. Efforts are made to promote agreements that protect the rights of Vietnamese workers and foreign workers in Vietnam. Social insurance periods in Vietnam and abroad may be combined to determine benefits when governed by an international treaty.

3. Prohibited Acts

1. Delaying or avoiding mandatory social insurance and unemployment insurance contributions.
2. Misappropriating social or unemployment insurance benefits.
3. Obstructing the legal rights of social insurance participants or beneficiaries.
4. Fraudulent or falsified documentation in social or unemployment insurance.
5. Unauthorized use of social or unemployment insurance funds.
6. Illegal access or use of social and unemployment insurance data.
7. Providing false or inaccurate information on social or unemployment insurance.
8. Collusion or concealment of violations in social or unemployment insurance processes.
9. Pledging, buying, selling, mortgaging, or pawning social insurance books.
10. Other actions violating legal provisions.

4. About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

■ Contact us now

For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

■ Contact Hankuk Law Firm:

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