Ho Chi Minh City Social Insurance said that according to the Social Insurance Law 2024 (effective from July 1, 2025), there will be many more subjects participating in compulsory social insurance.
These include cases where employees do not work full-time, have a monthly salary equal to or higher than the lowest salary used as the basis for compulsory social insurance contributions; cases where employees and employees negotiate under other names but have content showing that the job has salary, wages and management, operation, supervision by one party...
Lawyer Tran Phi Dai, Ho Chi Minh City Bar Association, analyzed the current reality, there are many cases where employees and employees negotiate under other names such as service contracts, job contracts... but employees have to be assigned and managed by employees and receive monthly salary. The number of employees participating in this agreement is not small. The nature of this agreement is labor relations, employees are paid wages and salaries to do work assigned by the employer and must accept the management, operation and supervision of the employer.
Therefore, regulating such cases is considered a compulsory social insurance participation contract and employees in accordance with the provisions of the 2019 Labor Code.
Ho Chi Minh City Social Insurance added that the Social Insurance Fund is managed and guaranteed by the State, so it is very safe. The Social Insurance Fund is managed centrally, consistently, publicly, transparently, is used for the right purpose and is accounted for independently according to component funds, according to the provisions of law.
In particular, employees participating in compulsory social insurance will enjoy many immediate and long-term benefits. For example, during the working process, employees who are unfortunately sick, pregnant, or have work-related accidents or occupational diseases will be given a day off and the Social Insurance agency will replace the employer to pay their salary during those days off.
In the long term, when they are past working age, employees participating in compulsory social insurance will enjoy pension benefits, receive monthly pensions, participate in health insurance from the Social Insurance Fund and be paid up to 95% of medical examination and treatment costs.
When the employee passes away, relatives will receive a death benefit once or monthly (depending on the case) and will be supported with funeral expenses equal to 10 months of basic salary at the time of the employee's death.
