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HCM City firms owe $77.4m in social insurance

 VietNamNet Bridge – As many as 815 enterprises in HCM City owe more than six months of social insurance payments, while thousands of enterprises owe two months.

VietNamNet Bridge – As many as 815 enterprises in HCM City owe more than six months of social insurance payments, while thousands of enterprises owe two months.

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Thousands of enterprises in HCM City owe social insurance payments, with the total debt at VND1.8 trillion. — Photo baotintuc.com.vn


The total owed is VND1.8 trillion (US$77.4 million), according to the HCM City office of the Viet Nam Social Security agency.

The Mai Linh Group, for example, owes more than VND100 billion and its Mai Linh Southern Joint Stock Company at least VND53 billion.

In addition, Nam Phuong Co Ltd owes VND28 billion, Saigon Post and Telecommunication Services Joint-Stock Co VND24 billion, Cho Lon Taxi Co Ltd VND16 billion and Saigon Petro VND14 billion.

The Social Security Agency and the city’s Department of Labour, Invalids and Social Affairs have carried out inspections of the companies but the enterprises refused to pay.

Nguyen Thi Thu, deputy chairwoman of the office, said that thousands of newly established enterprises were being set up each year, but some of them went bankrupt or relocated.

Some of them did not pay social insurance because they were experiencing business difficulties, while others said they had fewer workers than the real figure, Thu said.

In March, the social security agency gave police a file to investigate Nam Phuong Co Ltd for evading social insurance payments. The authorities will investigate other cases as well. 

Source: VNS

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