As you will be aware, the Vietnam government has recently issued new regulations that foreign nationals working in Vietnam are subject to social security contributions. The Vietnam government is aware of the need for totalisation agreements to avoid double taxation where possible, and has already entered into bilateral talks with Japan, Korea, China, Germany, and ASEAN countries.
The Ministry of Labour has requested the VBF to ask their member Chambers of Commerce to check with their respective embassies for expressions of interest on social security totalisation agreements, specifically;
- is their country interested in principle in a bilateral or multilateral agreement?
- could they provide information on:
- what other countries they have similar agreements with already,
- the scope of those agreements, and
- what other countries they are planning to have agreements with.
- the expectation of your country on the scope of the agreement with Vietnam.
Could you please check with your embassy to get their initial response to these questions by COB Friday, 31st May 2019 and send your replies to VBF Secretariat? We will then collate the responses and provide the combined information to the Ministry of Labour. They will then use this as the starting point in their planning for more formal bilateral negotiations through the usual government to government channels.
If you have any questions regarding this, please contact the head of the HR Working Group, Mr. Colin Blackwell on email@example.com or 0779921136
Vietnam Business Forum (“VBF”) Secretariat
T: (84) 243 715 2223/6
F: (84) 243 715 2218
Add: 3B Floor, Horison Tower, 40 Cat Linh Str., Dong Da Dist., Hanoi, Vietnam