Prime Minister Pham Minh Chinh has officially appointed Finance Minister Nguyen Van Thang as chairman of the Vietnam Social Security Council, succeeding Ho Duc Phoc, who was recently promoted to Deputy Prime Minister.

The decision, signed by the Prime Minister, grants Nguyen Van Thang a five-year term in his new role, overseeing Vietnam’s national social security policies.

Key responsibilities of the Vietnam Social Security Council

The Vietnam Social Security is a specialized agency under the Ministry of Finance, responsible for implementing policies related to:

Social insurance

Health insurance

Unemployment benefits

Management and allocation of national insurance funds

Vietnam Social Security  also plays a crucial role in developing and refining national policies on social security, collaborating with government bodies to propose legislative improvements.

Vietnam Social Security Council leadership structure
Currently, the Vietnam Social Security Council is led by:

Chairman: Nguyen Van Thang, Minister of Finance

Vice Chairman: Nguyen Van Cuong

The council also includes key representatives from various ministries and organizations, including:

Tran Quoc To, Deputy Minister of Public Security

Vu Hai San, Deputy Minister of National Defense

Nguyen Ba Hoan and Vu Chien Thang, Deputy Ministers of Home Affairs

Tran Van Thuan, Deputy Minister of Health

Ngo Duy Hieu, Vice President of the Vietnam General Confederation of Labor

Nguyen Xuan Dinh, Vice President of the Vietnam Farmers' Union

Nguyen Manh Cuong, Vice President of the Vietnam Cooperative Alliance

Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI)

Vietnam Social Security: A critical institution in national social policy

As a state agency, Vietnam Social Security operates with legal status, a national emblem seal, and financial accounts in both commercial banks and the State Treasury. Its headquarters are based in Hanoi, where it oversees the administration of social security funds and ensures compliance with national policies.

With his extensive experience in financial management, Nguyen Van Thang’s appointment is expected to further strengthen Vietnam’s social security system, ensuring sustainable development and efficiency in social welfare programs.

Vu Diep