Social insurance registration service for businesses, 1,500,000 VND

The complicated procedures for social insurance, health insurance, unemployment insurance, etc. have caused difficulties for many businesses. Check out the social insurance service at fdiinvietnam.com. 

SOCIAL INSURANCE PRICE LIST

Choosing social insurance payment service at fdiinvietnam.com will help businesses save time and money.

Service fee	Number of employees required to register for social insurance
	1 – 5 employees	6 – 10 employees	Over 10 employees
Districts of Ho Chi Minh City	1,500,000 VND	2,500,000 VND	3,000,000 VND
Districts of Ho Chi Minh City	2,000,000 VND	3,000,000 VND	3,500,000 VND
Provinces where fdiinvietnam.com has branches include: Dong Nai, Binh Duong, Vung Tau	2,500,000 VND	3,500,000 VND	4,000,000 VND
Provinces fdiinvietnam.com has no branches	3,000,000 VND	4,000,000 VND	4,500,000 VND

PROCEDURES FOR SOCIAL INSURANCE

In general, the documents required to prepare for social insurance are not too complicated, but the implementation process causes many difficulties for businesses. First, you need to determine which of the following two cases your business belongs to:

1. Case 1 – Newly established business

Step 1: Submit documents to the insurance agency to get the unit code, documents include: 

• Notarized copy of business registration certificate;
• Social Insurance Participation Unit Declaration Form TK3 – TS.

Step 2: Procedures for reporting increase/decrease in labor 

• Labor contracts and employee payroll;
• Employee information increase/decrease;
• Social insurance participation and information adjustment form TK1 – TS.

2. Case 2 – The enterprise is already in operation and has a unit code: Only need to do the procedure to report increase/decrease in labor via electronic social insurance transactions.

Depending on each social insurance agency, the time to review the application is about 5 – 15 days. Therefore, using the social insurance registration service at fdiinvietnam.com, you will save maximum time preparing and traveling to submit the application.

To learn more about how to apply for social insurance, please refer to the following links:

Procedures for reporting increases and decreases in social insurance;

Procedures for declaring increases and decreases in social insurance electronically (online);

Procedures for closing social insurance books and forms for submitting social insurance closing notification documents.

REGULATIONS ON SOCIAL INSURANCE CONTRIBUTION RATES OF ENTERPRISES

On the total salary participating in social insurance, the enterprise and employee will pay social insurance at the following rate:

• Employees must pay social insurance: 10.5%
• Enterprises must pay social insurance: 21.5% 

Businesses can pay social insurance in the following ways: 

• Monthly: By the last day of the month at the latest;
• Quarterly or 6 months: Latest on the last day of the closing period. 

Note : The quarterly or 6-month payment method only applies to enterprises/cooperatives/individual business households… operating in the agricultural – forestry – fishery sector that pay wages by product/contract.

PENALTIES FOR LATE PAYMENT OF SOCIAL INSURANCE, HEALTH INSURANCE AND UNEMPLOYMENT INSURANCE BY ENTERPRISES

According to Article 38 of Decree 28/2020/ND/CP dated March 1, 2020 on administrative sanctions for violations in the field of labor and social insurance as follows:

Violation error	Penalty level
Not publicly disclosing social insurance payments provided by the social insurance agency; not confirming social insurance payments for employees to apply for unemployment benefits; not providing or providing incorrect or missing information about compulsory social insurance payments	500,000 – 1,000,000 VND
Failure to provide correct and complete information and documents related to paying and receiving social insurance according to state regulations	5,000,000 – 10,000,000 VND
Late payment, incorrect payment or incorrect or insufficient social insurance participants (but not evasion of payment)	12% – 15% of total compulsory social insurance and unemployment insurance contributions at the time of making the violation record (Maximum not exceeding 75,000,000 VND)
Not paying social insurance and unemployment insurance for all employees subject to social insurance and unemployment insurance (not to the extent of criminal prosecution)	18% – 20% of total compulsory social insurance and unemployment insurance contributions at the time of making the violation record (Maximum not exceeding 75,000,000 VND)
Evading payment of social insurance and unemployment insurance (not yet to the extent of criminal prosecution)	50,000,000 – 75,000,000 VND

Frequently asked questions about social insurance

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