EMPLOYEES SHALL BE SUPPORTED UP TO VND 3.3 MILLION/PERSON FROM THE UNEMPLOYMENT INSURANCE FUND
On October 01, 2021, the Prime Minister promulgates the Decision No. 28/2021/QD-TTg on defining the implementation of support policy for employees and employers affected by the COVID-19 pandemic from the Unemployment Insurance Fund.
Based on the unemployment insurance premium payment period (determined at the time of September 30, 2021) during which the employee has not yet received any unemployment allowance; one-off support in cash for employees shall be as follows: If the unemployment insurance premium payment period is less than 12 months, the employee shall be entitled to a support of VND 1,800,000/person; If the period is between full 108 months and less than 132 months, the employee shall be entitled to a support of VND 2,900,000/person; If the period is 132 months or more, the support shall be VND 3,300,000/person; etc.
Besides, employers specified in Article 43 of the Law on Employment that have been paying unemployment insurance premiums before October 01, 2021 (excluding state agencies, political organizations, socio-political organizations, people’s armed forces units, public non-business units whose frequent expenditures are covered by the state budget according to the Decree No. 60/2021/ND-CP) are allowed to reduce the contribution rate from 1% to 0% of the monthly wage fund of the employees obliged to participate in unemployment insurance.
The reduction period of 12 months starts from October 01, 2021, to the end of September 30, 2022.
This Decision takes effect on October 01, 2021.
