Domestic and foreign invested enterprises (and certain Vietnamese citizens) must contribute to a natural disaster fund. Enterprises are responsible both for contributing to the fund and for collecting (withholding) and remitting their employees’ contributions to the fund.
Provisions of Law No. 33/2013/QH13 (the 2013 law has an effective date of May 2014) include rules making these disaster fund contributions compulsory for all domestic and foreign invested enterprises as well as Vietnamese citizens having achieved age 18 years and who are within the working age limits.
Read a September 2017 report [PDF 199 KB] prepared by the KPMG member firm in Vietnam
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