The Social Security Rate For Employees in Vietnam stands at 8 percent.

Social Security Rate For Employees in Vietnam averaged 6.60 percent from 2004 until 2018, reaching an all time high of 8 percent in 2014 and a record low of 5 percent in 2007. This page provides - Vietnam Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Social Security Rate For Employees - values, historical data and charts - was last updated on July of 2020. source: General Department of Taxation

Social Security Rate For Employees in Vietnam is expected to reach 10.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Social Security Rate For Employees is projected to trend around 10.50 percent in 2021, according to our econometric models.

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Vietnam Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.50 10.50 5.00 2004 - 2019 percent Yearly

Vietnam Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 35.00 20.00 percent [+]
Personal Income Tax Rate 35.00 35.00 40.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 32.00 32.00 32.00 20.00 percent [+]
Social Security Rate For Companies 21.50 21.50 22.00 15.00 percent [+]
Social Security Rate For Employees 10.50 10.50 10.50 5.00 percent [+]


Vietnam Social Security Rate For Employees
In Vietnam, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Vietnam because they help to pay for many social programs including welfare, health care and many other benefits.