Politburo member and National Assembly Chairman Tran Thanh Man has signed and issued Resolution No. 78/2025/UBTVQH15 of the Standing Committee of the 15th National Assembly on recording the mandatory social insurance (SI) payment period of business owners who participated before the effective date of the Social Insurance Law No. 41/2024/QH15.
Accordingly, the National Assembly Standing Committee resolved to record the time when business owners have paid compulsory social insurance before July 1, 2025 as a basis for resolving social insurance regimes according to the provisions of the law on social insurance.
Business owners who are eligible for social insurance benefits before the effective date of this Resolution will be eligible for social insurance benefits from the date of eligibility for social insurance benefits according to regulations.
The National Assembly Standing Committee assigned the Government to direct and guide the implementation of this Resolution; proactively resolve problems arising in the implementation; ensure the rights of business owners in resolving social insurance regimes.
Report the results of the implementation of this Resolution in reporting the implementation of policies, social insurance regimes and the management and use of social insurance funds according to the provisions of the Social Insurance Law.
Ethnic Council, Committees of the National Assembly, National Assembly delegation, National Assembly deputies and Central Committee of the Vietnam Fatherland Front, within the scope of their duties and powers, supervise the implementation of this Resolution.
This Resolution takes effect from July 1, 2025.
The Social Insurance Law 2024 (amended) officially takes effect from July 1, 2025, expanding many areas that must participate in compulsory social insurance contributions, including individual business owners.
Specifically, according to Clause 1, Article 2 of the Social Insurance Law 2024, this regulation applies to business owners of business households registered to do business according to Government regulations.
This is a new regulation compared to the 2014 Social Insurance Law ( valid until June 30, 2025). Previously, this group could participate in voluntary social insurance if they wanted.
The compulsory social insurance payment for individual business owners is stipulated in Points a and b, Clause 4, Article 33 of the Social Insurance Law 2024. The contribution rate is 3% to the sickness and maternity fund, 22,2% to the pension and death fund.
Therefore, the monthly contribution rate for business owners participating in social insurance is 25% of their salary. Business owners can choose to pay monthly, 3-month or 6-month depending on their needs.
Regarding the payment basis, according to Point d, Clause 1, Article 31, business owners are allowed to choose salary as the basis for compulsory social insurance contributions, but the lowest is the reference level and the highest is 20 times the reference level at the time of payment.
