News

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 ...

Vietnam pledges to fulfill ILO membership obligations

Vietnam will make all-out efforts to fulfill its obligations as a member of the International Labour Organisation (ILO) and further promote cooperation between the organisation and tripartite actors – the Government, employers, and employees in the country. Dao Ngoc Dung, Minister of Labour, Invalids and Social ...

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