Insurance

Social insurance payment service for foreign-invested companies

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Social insurance payment service for foreign-invested companies from only 1,500,000 VND, complete procedures, documents to report social insurance increase, register social insurance unit code from 5 – 15 days, fully deliver social insurance books, health insurance cards to the business.

Regulations on social insurance payment of foreign-invested enterprises

Pursuant to Clause 3, Article 2 of the Law on Social Insurance, employers that are enterprises or economic organizations with foreign investment capital operating in Vietnam and hiring and using labor under labor contracts are required to participate in and pay social insurance for their employees.

Foreign workers who meet the following conditions are required to participate in social insurance:

  • Have a work permit, practice certificate or practice license issued by a competent state agency of Vietnam;
  • Have a fixed-term labor contract of at least 1 year or an indefinite-term contract with an employer in Vietnam;
  • Not falling into one of the following cases: employees who have reached retirement age, employees transferring internally within a foreign enterprise who are executives, managers, experts, technical workers… to a commercial presence in Vietnam for a short-term assignment.

➨ Thus, foreign invested enterprises (FDI companies) operating in Vietnam that hire and use Vietnamese workers and foreign workers under labor contracts are required to register for social insurance and pay social insurance for their workers.

>> See details: Regulations on social insurance payment of enterprises.

Price list of social insurance registration services for FDI enterprises

fdiinvietnam.com provides the first social insurance registration service for foreign invested enterprises with a total cost from 1,500,000 VND, including:

  • Cost of registration procedure for social insurance unit code;
  • Cost of procedures to report increase in social insurance for employees.

Details of social insurance registration service fees for foreign employees and Vietnamese employees for FDI enterprises at fdiinvietnam.com are as follows:

1. Social insurance registration service fee for foreign workers

Service fee for reporting increase in social insurance for foreign employees
Province All-inclusive service fee
In Hanoi, Da Nang, Ho Chi Minh City For the first employee: 1,500,000 VND/person
From the second employee onwards: 1,000,000 VND/person
Other provinces Contact for quote

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2. Social insurance registration service fee for Vietnamese employees

Service fee for reporting increase in social insurance in Ho Chi Minh City
Number of employees Districts of Ho Chi Minh City Districts of Ho Chi Minh City
From 1 – 5 employees 1,500,000 VND 2,000,000 VND
From 6 – 10 employees 2,500,000 VND 3,000,000 VND
From the 11th employee onwards Additional 200,000 VND/employee

 

Service fee for reporting increase in social insurance of remaining provinces and cities
Number of employees In Hanoi, Da Nang, Binh Duong, Dong Nai, Ba Ria Vung Tau Other provinces
From 1 – 5 employees 2,500,000 VND 3,000,000 VND
From 6 – 10 employees 3,500,000 VND 4,000,000 VND
From the 11th employee onwards Additional 200,000 VND/employee

For example:

FDI company hired fdiinvietnam.com to report social insurance increase for 20 Vietnamese employees and 1 foreign employee in Ho Chi Minh City. The service fee for reporting social insurance increase of FDI company includes:

  • 2,500,000 VND – Social insurance increase notification fee for the first 10 Vietnamese employees;
  • 2,000,000 VND – fee for reporting increase in social insurance of the 11th to 20th Vietnamese employee;
  • 1,500,000 VND – fee for reporting increase in social insurance of 1 foreign employee.

➨ Thus, the total service fee that FDI company needs to pay to fdiinvietnam.com will be 6,000,000 VND.

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Time to complete social insurance registration procedure

The total time for fdiinvietnam.com to prepare documents and complete procedures for registering unit codes and reporting increases in social insurance for employees of foreign-invested companies in Vietnam is only 5 – 15 working days .

The time to complete the social insurance payment service for foreign-invested enterprises in each province may be different, depending on the time to process the application of the Social Insurance agency. However, at fdiinvietnam.com, the entire implementation process is simple and carried out in the fastest time possible.

Documents businesses need to provide to register for social insurance

When using social insurance services of fdiinvietnam.com, FDI enterprises need to provide the following documents:

  1. Copy of business registration certificate (no notarization required);
  2. List of employees requesting registration for social insurance books and health insurance cards;
  3. Photo of original ID card/CCCD of Vietnamese employee;
  4. Passport photo of foreign worker;
  5. Social insurance number of Vietnamese employee/foreign employee (if any);
  6. Employee information, specifically:
    • Phone number;
    • Social insurance salary;
    • Place of initial medical examination and treatment.

Social insurance registration process for foreign-invested companies at fdiinvietnam.com

1. Procedures for social insurance registration for FDI enterprises

The process of implementing social insurance services for businesses at fdiinvietnam.com is implemented as follows:

➨ Step 1: Initial consultation

  • Consulting on conditions for participating in social insurance for Vietnamese and foreign workers, contribution levels and social insurance contribution rates of employees and businesses;
  • Consulting on documents and papers needed to prepare and procedures for social insurance registration;
  • Consulting on time and cost to complete social insurance registration service.

➨ Step 2: Prepare documents

  • fdiinvietnam.com will prepare 2 sets of documents on behalf of the enterprise, including: application for social insurance unit code (if the enterprise does not have a code) and application for increasing social insurance for employees;
  • Support notarization of related documents such as: business registration, ID card/Citizen ID card of Vietnamese employees, passport of foreign employees.

➨ Step 3: Submit application for unit code

  • fdiinvietnam.com will submit the application directly to the Social Insurance agency of the district/county where the enterprise is managed or submit the application online on the Social Insurance Public Service Portal or on the Social Insurance declaration software;
  • Follow the application processing closely to ensure the earliest results.

➨ Step 4: Deliver results

  • After the results are available, fdiinvietnam.com will hand over all documents, social insurance books, and health insurance cards of employees to the business on-site;
  • Apply free delivery program during the social insurance registration service process.

>> See more: Procedures for electronic social insurance increase notification.

2. Social insurance registration file for FDI enterprises

Foreign invested enterprises need to prepare the following 2 sets of documents:

The application file for social insurance unit code registration for FDI enterprises includes:

  1. Notarized copy of business registration certificate;
  2. Declaration of participation and adjustment of social insurance and health insurance (according to form TK3 – TS).

>> FREE DOWNLOAD: Form TK3 – TS Declaration of participation and adjustment of social insurance and health insurance.

The dossier to report an increase in social insurance for employees includes:

  1. Social insurance participation declaration form in case the employee does not have a social insurance code (according to form TK1 – TS);
  2. Report on labor usage and list of employees participating in social insurance, health insurance, and unemployment insurance (according to form D02 – LT);
  3. In case the employee is entitled to higher health insurance benefits, additional supporting documents, if any, must be provided;
  4. File delivery receipt (according to form number PGN 600);
  5. Notarized copy of employee’s ID card/CCCD/passport (depending on the requirements of each social insurance agency);
  6. Labor contract signed between company and employee.

>> FREE DOWNLOAD: Social insurance increase notification file for employees.

Note:

When making a file to report an increase in social insurance for employees, personal information of foreigners such as full name, country, and gender must be recorded in international phonetic transcription.

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Above is detailed information about social insurance registration service for FDI enterprises of fdiinvietnam.com. You can also contact the hotline below for consultation and fee quotation of other social insurance related services of fdiinvietnam.com such as:

  • Reissue lost social insurance books and health insurance cards to employees;
  • Procedures for merging social insurance books for employees with multiple books;
  • Change of medical examination and treatment registration location;
  • Change social insurance registration information;
  • Make documents to enjoy benefits for sickness, maternity, work accident…

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Frequently asked questions when registering social insurance for FDI enterprises

1. Do foreign invested companies in Vietnam have to pay social insurance?

Yes. Foreign-invested enterprises (FDI enterprises) operating in Vietnam that hire and use Vietnamese workers and foreign workers under labor contracts are required to register for social insurance and pay social insurance for their employees.

>> See details: Regulations on social insurance payment of FDI enterprises.

2. How much does it cost to report an increase in social insurance for foreign-invested enterprises?

Fee for reporting social insurance increase for foreign workers in Hanoi, Da Nang, Ho Chi Minh City by fdiinvietnam.com: 

  • For the first foreign worker: 1,500,000 VND;
  • From the second foreign worker onwards: VND 1,000,000/person;

Social insurance increase notification fee for Vietnamese employees: 

  • From 1,500,000 VND – for companies in Ho Chi Minh City;
  • From 2,500,000 VND – for companies in Hanoi, Da Nang, Binh Duong, Dong Nai, Ba Ria Vung Tau.

In the remaining provinces, you can contact fdiinvietnam.com at 0978 578 866 (North) – 0946 724 666 (Central)  –  0978 578 866 (South) for support.

>> See details: Price list of social insurance registration services for FDI enterprises.

3. How many days does it take to complete the procedure for reporting an increase in social insurance for FDI enterprises?

The total time for fdiinvietnam.com to complete the procedure of registering the unit code and reporting the increase in social insurance for employees of foreign-invested companies in Vietnam is only 5 – 15 working days. However, this time may vary depending on the social insurance agency of each place. fdiinvietnam.com will advise and notify the specific business at the time of service provision.

4. What do I need to provide to fdiinvietnam.com when using social insurance payment service?

Enterprises need to provide fdiinvietnam.com with the following documents:

  1. Copy of business registration certificate (no notarization required);
  2. List of employees requesting registration for social insurance books and health insurance cards;
  3. Photo of original ID card/CCCD of Vietnamese employee;
  4. Passport photo of foreign worker;
  5. Social insurance number of Vietnamese employee/foreign employee (if any).
  6. Employee’s phone number, social insurance salary, initial medical examination and treatment location.

5. What documents are required to report an increase in social insurance for employees?

The dossier for reporting an increase in social insurance for employees that fdiinvietnam.com prepares and submits on behalf of the enterprise to the district/county social insurance agency includes:

  1. Social insurance participation declaration for employees without social insurance code (according to form TK1 – TS);
  2. Report on labor usage and list of employees participating in social insurance, health insurance, and unemployment insurance (according to form D02 – LT);
  3. In case the employee is entitled to higher health insurance benefits, additional supporting documents, if any, must be provided;
  4. File delivery receipt (according to form number PGN 600);
  5. Notarized copy of employee’s ID card/CCCD/passport (depending on the requirements of each social insurance agency);
  6. Labor contract signed between company and employee.

>> FREE DOWNLOAD: Social insurance increase notification file for businesses.

Call us at  0978 578 866 (North) – 0946 724 666 (Central)  –  0978 578 866 (South)  for support.

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