Vietnam Social Security enforces late payment fines at 0.03% daily

Within the first 10 days of each month, VSS will send written reminders to employers.

Enterprises in Vietnam that delay or evade compulsory social insurance (SI) or unemployment insurance (UI) contributions will face a daily fine of 0.03%, according to the Vietnam Social Security office.

Under the rule, the Vietnam Social Security (VSS) will review and identify enterprises with overdue payments every month. 

Within the first 10 days of each month, VSS will send written reminders to those employers, detailing the amount owed, the number of late days, and the additional fines due. 

The reminders will also outline relevant penalties and time limits before delayed payments are classified as evasion.

A delayed payment is defined as any unpaid amount after the statutory deadline, with the delay counted from the day following the due date. 

Enterprises affected by officially declared natural disasters, epidemics, or other force majeure events will not be penalised for evasion, provided they submit supporting documents to VSS by the 25th day of the month when the reminder is issued.