Social Security Rate in Vietnam remained unchanged at 32 percent in 2020 from 32 percent in 2019. source: General Department of Taxation

Social Security Rate in Vietnam averaged 25.44 percent from 2004 until 2020, reaching an all time high of 32 percent in 2017 and a record low of 20 percent in 2007. This page provides - Vietnam Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Social Security Rate - values, historical data and charts - was last updated on May of 2021.

Social Security Rate in Vietnam is expected to reach 32.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Social Security Rate is projected to trend around 32.00 percent in 2022, according to our econometric models.

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Vietnam Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
32.00 32.00 32.00 20.00 2004 - 2020 percent Yearly

Vietnam Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 35.00 20.00 percent [+]
Personal Income Tax Rate 35.00 35.00 40.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 32.00 32.00 32.00 20.00 percent [+]
Social Security Rate For Companies 21.50 21.50 22.00 15.00 percent [+]
Social Security Rate For Employees 10.50 10.50 10.50 5.00 percent [+]


Vietnam Social Security Rate
In Vietnam, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Vietnam because they help to pay for many social programs including welfare, health care and many other benefits.