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COMPULSORY SOCIAL INSURANCE CONTRIBUTION Once the employment is engaged, both employer and employee are required to contribute Social Insurance (SHUI) on monthly basis. The Company registers SHUI unit code for SHUI contribution Foreign labor is required to contribute SHUI under separate SHUI unit code THRESHOLD FOR SHUI CONTRIBUTION Salary for SHUI contribution is based on […]
Doing business in Vietnam requires all enterprise to comply with regulatory systems, one notable of which is contributing Social Insurance (SHUI) on monthly basis. COMPULSORY SOCIAL INSURANCE CONTRIBUTION Being considered as obligation and guarantee benefit for employee during their employment, SHUI scheme is designed to elevate this purpose. SHUI includes three key elements, in particulars: […]