How are business households reimbursed for social insurance contributions if their revenue is under 1 billion VND?

On October 3rd, in Xom Chieu ward (Ho Chi Minh City), the National Assembly delegation of constituency No. 7 held a meeting with voters from 14 wards and communes before the 2nd session of the 16th National Assembly.

The delegation included Mr. Le Quang Manh, Member of the Central Committee of the Communist Party of Vietnam, Member of the Standing Committee of the National Assembly, Secretary General of the National Assembly, and Head of the National Assembly Office; Mr. Le Van Dong, Member of the City Party Committee and Director of the People's Procuracy of Ho Chi Minh City; Mr. Vo Hoang Ngan, Member of the City Party Committee and Deputy Head of the Ho Chi Minh City National Assembly Delegation; along with representatives from the leadership of various departments, agencies, and 14 wards and communes of Ho Chi Minh City.

Are business owners with revenue under 1 billion VND required to pay mandatory social insurance contributions?

At the conference, voter Huynh Dang Khoa (Binh Khanh commune) raised concerns regarding the temporary suspension of mandatory social insurance contributions for business owners with annual revenue under 1 billion VND.

According to feedback from voters, since June 1, 2026, Mr. Tran's business has contacted the Nha Be branch of the Social Insurance agency but has not received specific guidance.

PHOTO: XOM CHIEU WARD

In explaining this matter, a representative from the Ho Chi Minh City Social Insurance agency stated that the agency has taken the voters' opinions into account. According to Decree 141/2026, from January 1, 2026, business owners with declared annual revenue exceeding 1 billion VND will be required to submit applications for compulsory social insurance.

For business owners who participated in mandatory social insurance during the period from July 1, 2025 to December 31, 2025, the social insurance agency will work to reassess their revenue for 2026. This aims to clarify whether the business owner falls under the category of having revenue of 1 billion VND/year or more.

Instructions on procedures for refunding social insurance benefits.

Representatives from the Ho Chi Minh City Social Insurance agency stated that, in addition to reassessing revenue, the agency will review the social insurance and health insurance benefits that the business owner has received. Simultaneously, the business owner needs to provide bank account information to facilitate the refund of social insurance contributions if eligible.

If the revenue in 2026 is less than 1 billion VND, the Social Insurance agency will draw up a report and refund the amount the household head has paid from January 1st to September 30th, 2026.

PHOTO: DAN THANH

"The household head will contact the Social Insurance office in Nha Be, meet with the collection department which will receive the claim, draw up a report, and refund the social insurance if the household head's annual income is less than 1 billion VND," a representative of the Ho Chi Minh City Social Insurance agency informed.