Below are some major provisions on Unemployment Insurance implementation stipulated in Circular No. 28/2015/TT-BLDTBXH:
1. Deadline for participation in Unemployment insurance
Within 30 days from the effectively date of labor contract.
If employees conclude more than one labor contract eligibility for unemployment insurance are participating in unemployment insurance under the first effective concluded labor contract, within 30 days of the termination or change of labour contract resulting ineligibility for unemployment insurance of the employees, the employer of the next effective concluded labor contracts shall be responsible for registration of unemployment insurance for the employees.
If employees have concluded a labor contract under seasonal or under a certain job from 03 full months to less than 12 full months before 01 January 2015, employers must register unemployment insurance for such employees in case the contract term are being effective at least 03 months from 01 January 2015.
2. Unemployment insurance contribution
From 01 January 2015 onwards, in case the employee’s monthly salary is higher than twenty times of regional minimum salary, the base salary for unemployment insurance contribution of the employee shall be capped at twenty times of regional minimum salary.
· This Circular shall be effective from 15 September 2015.
· Schemes provided in this Circular are retrospectively applied from 01 January 2015.