On September 26 2005, the Vietnam Chamber of Commerce and Industry (VCCI) organised a dialogue between representatives from enterprises in some northern province and the Ministry of Labour, War Invalids and Social Affairs (MOLISA) and the Vietnam Labour Confederation (VGCL). This was to help enterprises to talk about their urgent issues and suggestions with officials from MOLISA and VGCL. The activity was also part of preparations for the annual meeting between the Prime Minister and enterprises in 2005. Labour relations has become an issue which has begun to attract more attention from enterprises. It has also been increasingly disputed. Over the past number of years, VCCI has promoted its co-operation with relevant agencies to discuss the issues with enterprises. Vu Tien Loc, president of VCCI, affirmed that the quality of the labour force would determine enterprises' competitiveness and that labour relations was a decisive factor in the quality of the labour force. Nguyen Hoa Binh, … [Read more...] about Compulsory Social Insurance for Labourers?
Social insurance numbers
He pointed out that social insurance coverage in the country stood at just 29 per cent of the population, far below the target of 50 per cent by 2020 set by the Party Central Committee’s Resolution 21-NQ/TW.Therefore, the VSS must step up efforts to increase the number of participants, he said.The social security agency should also collaborate with the Ministry of Health, the Ministry of Defence and the Ministry of Public Security to ensure transparent bidding for medicines covered by health insurance schemes as well as other medical commodities, Huệ said.He praised the sector’s achievements in 2017, noting that the collection, estimated at VNĐ290 trillion (US$12.8 billion), was the highest since 2007, when the Law on Social Insurance took effect.The VSS has also had a fruitful year in its efforts to reform administrative procedures, apply information technology in management and effectively implement online public services, he said.VSS Deputy Director Phạm … [Read more...] about Expand social insurance coverage, Deputy PM urges
Social insurance coverage remains low despite favorable policy Truc Diem HANOI - Although Vietnam’s social insurance policy is considered among the most generous in the world, the coverage of social insurance has reached only 24%, experts said at an international conference on social insurance in Hanoi on March 29. Doan Mau Diep, Deputy Minister of Labor, Invalids and Social Affairs, noted the Government had set a target of having half of the nation’s labor force covered by social insurance by 2020. However, this rate reached only 23.9% by end-2016. Although many measures have been taken, the socially insured has remained very low in recent years. In addition to the slow growth of social insurance penetration, the social insurance fund is at risk of imbalance in the long term. According to Pham Truong Giang, head of the Social Insurance Department under the Ministry of Labor, Invalids and Social Affairs, the early retirement age of Vietnam (60 for men and 55 for women) … [Read more...] about Social insurance coverage remains low despite favorable policy
Voluntary social insurance attracts little interest Thuy Dung HANOI – The number of voluntary social insurance buyers has remained woefully low though numerous measures have been taken by authorities to encourage people, especially self-employed and workers without an employment contract, to voluntarily get social insurance. Most of them are people who have had participated in compulsory social insurance while self-employed laborers account for a small fraction. At a conference on voluntary social insurance last week, Tran Hai Nam, deputy head of the Department of Social Insurance at the Ministry of Labor, Invalids and Social Affairs, said the 2014 Law on Social Insurance, which went into force in 2016, contains favorable provisions for the voluntary socially insured. The minimum social insurance payment is down from 22% of the monthly base salary of VND1.21 million to 22% of the rural poverty line of VND700,000 per month. This means people can pay at least VND154,000 … [Read more...] about Voluntary social insurance attracts little interest
Labor ministry mulls shorter social insurance payment periodThuy Dung HANOI – The Ministry of Labor, Invalids and Social Affairs will propose the Government reduce the mandatory period of laborers paying social insurance to lure new entrants, heard a seminar on reforming the national social insurance system in Hanoi City on November 29. Pham Truong Giang, head of the ministry’s Social Insurance Department, said an increasingly large number of people have demanded lump sum social insurance payouts as they cannot wait long years to benefit. It is estimated 500,000 to 600,000 people demand lump sums a year, while the number of employees enrolled anew into the social insurance system is around 700,000. Data of the Vietnam Social Insurance shows the agency had handled 600,000 claims for lump sum payouts in the year to October, a year-on-year rise of 18.5%. It would be tough to expand the coverage of social insurance, as the number of leavers is roughly equal to that of … [Read more...] about Labor ministry mulls shorter social insurance payment period