Decision 28 covering financial aid and support measures for employees and employers in Vietnam
The Vietnamese Government issued Decision 28/2021/QĐ-TTg (“Decision 28”) on 1 October 2021 to support employees and employers in Vietnam facing difficulties due to COVID-19, with financial aid and reductions in contributions for the Unemployment Insurance (UI) Fund.
Financial aid for employees paying Unemployment Insurance contributions to ease COVID-19 impacts
According to this Resolution, financial aid is given to the following beneficiaries:
- Employees listed as those participating in Unemployment Insurance up until 30 September 2021; (Except those working for state agencies, political organizations, socio-political organizations, units of people’s armed forces and public service delivery units whose recurrent expenditures are financed by the state budget).
- Employees whose employment contracts were terminated between 1 January 2020 and 30 September 2021, and whose UI contribution periods were maintained (except monthly old-age pensioners).
The financial aid varies according to the UI contribution period, and are calculated as follows:
| UI contribution period | Financial aid (VND/person) |
| <1 year | 1,800,000 |
| 1 full year – <5 year | 2,100,000 |
| 5 full year – <7 year | 2,400,000 |
| 7 full year – <9 year | 2,650,000 |
| 9 full year – <11 year | 2,900,000 |
| ≥11 year | 3,300,000 |
