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[BUSINESS] · Vietnam · 2 sources

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Vietnam social insurance rules for foreign workers

Under the 2024 Social Insurance Law, foreign workers in Vietnam are eligible for a one-time social insurance withdrawal under specific conditions. These include reaching retirement age without 15 years of contributions, suffering from certain serious illnesses, having a labor capacity reduction of 81% or more, or when a labor contract or work permit expires without extension.

Foreign employees who have terminated their labor contracts and social insurance participation may apply for the one-time payment without waiting for a 12-month period. Additionally, beneficiaries have the legal right to authorize another person in writing to perform social insurance procedures or receive benefits on their behalf.

Required documentation for foreign citizens includes a confirmed social insurance book, a standard application form (Form No. 14-HSB), and a legal written authorization document if a representative is acting for the beneficiary.

Entities

An Giang Social Insurance · Vietnam