WEBVTT

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Small business owners who are
retired and receiving pensions, 

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questions about whether to participate
in compulsory social insurance under 

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the Social Insurance Law 2024 

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will it take effect from July 1, 2025? 

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Regarding this issue, according to Vietnam Social Security, 

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The 2024 Social Insurance Law was passed
by the 15th National Assembly 

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on June 29, 2024 

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and will officially take effect
from July 1, 2025. 

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One of the key new points of
the 2024 Social Insurance Law 

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is to expand the number of participants
and fully enjoy social insurance regimes. 

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Specifically, the law has added business
owners with business registration to the 

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list of subjects participating in compulsory social insurance. 

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However, the 2024 social insurance law
also clearly stipulates subjects not 

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subject to compulsory social insurance. 

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According to Point A about Article 7
of the Social Insurance Law 2024, 

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who are receiving pensions, social
insurance benefits, and monthly allowances 

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not subject to compulsory social insurance. 

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Thus, although the 2024 social insurance
law expands coverage of subjects 

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participating in compulsory social insurance 

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including business owners, but those who
have retired and are receiving pensions 

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will not be subject to compulsory social insurance. 

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This policy ensures that those who have
received long-term social security benefits 

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will not have to continue to contribute to the compulsory social insurance fund, 

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avoid overlap in the system and
protect the rights of beneficiaries. 

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The 2024 Social Insurance Law is built
with 3 specific goals 

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including ensuring social security
according to the constitution, amending 

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practical problems and expanding rights 

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benefits to attract workers to participate in social insurance 

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towards forming a multi-layered social insurance system. 

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This system includes social pension
benefits, basic, compulsory and voluntary social insurance 

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and supplementary pension insurance.