According to Point m, Clause 1, Article 2 of the Law on Social Insurance 2024 (effective from July 1, 2025), business owners of business households with business registration are subject to compulsory social insurance.
Clause 7, Article 2 of the Law on Social Insurance 2024 stipulates that cases that are not subject to compulsory social insurance include:
a) People receiving pensions, social insurance benefits, and monthly allowances.
The Government stipulates that beneficiaries of social insurance and monthly allowances are not subject to compulsory social insurance;
b) Employees who are domestic helpers;
c) Subjects specified in Point m and Point n, Clause 1 of this Article are old enough to retire as prescribed in Clause 2, Article 169 of the Labor Code, except for cases where the social insurance payment period is less than a maximum of 6 months as prescribed in Clause 7, Article 33 of this Law.
Thus, if the business owner of a business household has registered to do business and is receiving a pension, he will no longer need to participate in compulsory social insurance because Clause 7, Article 2 of the Law on Social Insurance 2024 has excluded pensioners from the list of subjects participating in compulsory social insurance.
