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Legislators scrutinise draft amended social insurance law
National Assembly (NA) deputies spend the entire day of May 27 to discuss contentious contents of the draft amended social insurance law.In the morning discussion, many deputies laid emphasis on ensuring the rights of labourers amidst the increase in evasion, late payment and of social ...
Fixed pension amounts are too low
Vietnamese pensioners can enjoy the highest pension rate in the world, 75% of their social insurance payments. However, as the salaries used to calculate social insurance premiums are low, the actual pension they receive in retirement is small.The Vietnam Textile and Apparel Association (Vitas) has ...
Amended social insurance law expected to solve lump-sum withdrawal problem
Social security offices across the country have recently witnessed long lines of people waiting to claim lump-sum payments.The amended social insurance law has two options for lump-sum payment. The first option allows the employee to receive full pay-out for the entire period of participating in social ...
MOLISA proposes 12.5 percent increase in pension and allowance
The Ministry of Labor, Invalids and Social Affairs (MOLISA) has suggested the Government increase pensions and social insurance benefits, and monthly allowances.In its draft decree submitted to the Government, the ministry suggested a 15.5 percent increase in pensions, social insurance benefits, and monthly, starting from ...
As many people quit Vietnam's social security system as were joining it
An increasing number of people have quit Vietnam’s social security system in recent years, raising concerns about the state budget having to take care for old people without pension.More than 4.25 million people joined the system between 2016 and 2021. However, 4.06 million people quit ...
Hong Chieu
Employers evading social insurance payments affects workers' rights
Evasion of social insurance payments for workers increased during the COVID-19 pandemic, as enterprises grappled the economic fall-out of pandemic control measures. However, as stipulated by law, avoiding payment and racking up insurance debt severely affects the social security rights of employees.The Ministry of Labour, Invalids and Social ...
Covid forces workers to quit social security
The Vietnam Social Security has said it is “concerned” that Covid-19 has forced many people to exit the social insurance safety net.In the first 10 months of this year more than 700,000 people registered to exit the social insurance scheme and withdraw the accumulated premiums ...
Hong Chieu, Le Tuyet
Pensions, social allowances expected to rise 15 percent from 2022
Eight groups of people will enjoy a 15 per cent rise in their pensions and social insurance allowances and monthly subventions from January 1, 2022, when a draft decree on the adjustments of these allowances is issued, according to the Ministry of Labour, Invalids and ...
Workshop discusses future of Vietnamese labour market
Experts discussed the future of the Vietnamese labour market at an online workshop hosted by Nhan Dan (The People) newspaper last week.Dr Bui Sy Loi, Vice Chairman of the National Assembly’s Committee of Social Affairs, said one of the biggest changes of the labour market ...
Drastic measures needed to encourage workers to join social and health insurance
Many businesses have scaled down production and reduced their workforce due to the COVID-19 pandemic, leading to a decrease in the number of those participating in social and health insurance, as well as an increase in unpaid social security debts, experts have said.Vietnam Social Security and local social ...
