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The government has requested a study on reducing social insurance contribution rates.

Reducing social insurance contributions is a prominent topic discussed at Resolution 97/NQ-CP November 4, 2016, regarding the regular Government meeting for October 2016.

Accordingly, the Government has requested the Ministry of Labour, Invalids and Social Affairs to research and propose a reduction in social insurance contribution rates, including:

  • Reduce the contribution rate to the occupational accident and disease insurance fund;
  • Reduce unemployment insurance contribution rates.

The reduction in social insurance contributions according to Resolution 97/NQ-CP March 04, 11, The aim is to help businesses reduce costs, contributing to smoother production and business operations.

In addition, Resolution 97/NQ-CP also addresses many other important issues, such as:

  • The Ministry of Science and Technology must not allow a backlog of intellectual property protection applications or shorten the processing time for applications.
  • The Ministry of Culture, Sports and Tourism is addressing the wastefulness and prolonged organization of festivals during the early spring season…

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