The proposal of flexible unemployment insurance payment rates depending on specific economic context, according to experts on salary and labor, is necessary to aid businesses because the Unemployment Insurance Fund is quite surplus (over VND60.6 trillion – US$2.44 billion at the end of 2021).
Flexible unemployment insurance payment rates proposed
The applicable Employment Law stipulates the payment rate of 1 percent for unemployment insurance to both employees and their employers. However, reality has shown that this fixed rate has created much trouble for these two groups, particularly when natural disasters, epidemics, economic recession, or financial crises happen.
Translated by Yen Nhi
