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15 Key Changes in the 2024 Social Insurance Law Effective from July 1, 2025

Starting from July 1, 2025, the new Social Insurance Law 2024 will officially come into effect, introducing a range of important changes that directly impact employees, employers, and even non-labor participants. This reform aims to expand coverage, ensure better protection for workers, and address long-standing challenges in the social insurance system. Below is a detailed look at 15 major updates everyone should be aware of:

  1. Expansion of compulsory social insurance coverage: Workers with labor contracts from one month or more will now be required to participate.

  2. Flexibility for short-term contracts: People working under contracts of less than one month may also voluntarily join to secure benefits.

  3. New participants: Household business owners and cooperative members are now eligible to participate.

  4. Early pension access: Employees can choose to receive pensions earlier with reduced rates if they don’t meet the standard conditions.

  5. Pension eligibility age adjustments: The law further clarifies the roadmap for retirement age, with special consideration for those working in hazardous occupations.

  6. Reduced minimum contribution period: Workers will only need 15 years of contributions (instead of 20) to be eligible for a pension, gradually applying from 2025 onward.

  7. Options for one-time social insurance withdrawal: Participants can withdraw part of their contributions earlier, instead of waiting until retirement.

  8. Support for interrupted contribution periods: Clearer regulations to help workers maintain or reconnect their insurance periods.

  9. Improved maternity benefits: More favorable policies for female employees and additional provisions for male workers supporting childcare.

  10. Unemployment protection: Strengthened integration between unemployment insurance and social insurance to support workers facing job loss.

  11. Digital management: Stronger application of digital platforms and personal identification for contribution tracking.

  12. Voluntary social insurance incentives: Broader state subsidies to encourage low-income groups to participate.

  13. Pension adjustment mechanism: Regular review and adjustment of pensions to align with inflation and living standards.

  14. Inheritance of benefits: Family members will have clearer rights to inherit unpaid benefits when participants pass away.

  15. Stricter employer responsibilities: Heavier penalties for delayed or unpaid contributions to protect employees’ rights.

The 2024 Social Insurance Law marks a significant step in strengthening social security in Vietnam, aiming to balance sustainability of the fund with the legitimate rights of workers. Both employees and employers need to carefully review these changes to adapt in time and maximize benefits.

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