return icon

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.


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

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

related news


VN consumers, businesses urged to join fight against counterfeit sold online

Consumers and businesses are called on to join authorities to curb counterfeit, fake, and smuggled goods on online shopping platforms, particularly as e-commerce has been thriving strongly in Vietnam.

Vietnamese students bag six medals at Asia-Pacific Informatics Olympiad 2023

All six Vietnamese students competing at the Asia-Pacific Informatics Olympiad (APIO) 2023 won medals, including four silvers and two bronzes, the Ministry of Education and Training announced on May 30.

Devalued by billions of dollars, shares face transaction restrictions

VNZ shares of VNG, a tech unicorn, were added to the restricted trading list after the company was late in submitting its financial report. The VNZ price has plummeted by 45 percent from its peak, but is still the highest-priced in the stock market.

Livestock industry's small farms in distress, big farms deep in debt

Having to sell fowl and pigs below production costs, many farmers are crippled with debt. Even big players in the animal husbandry are incurring big losses.

Vietnam posts trade surplus of 9.8 billion USD in five months

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

Anh Vien: From champion swimmer to inspirational swimming coach

Now, in a new role akin to a swimming ambassador, Anh Vien is eager to share her knowledge and expertise with children, teenagers, adults, and even older individuals, introducing them to the joy of swimming and fostering a love for the sport.

International arrivals in Vietnam surge over 12-fold year on year

Vietnam has welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, the General Statistics Office (GSO) said on May 29.

Vietnam NASA Space Week takes shape on the horizon

The first-ever Vietnam NASA Space Week will be held in Ho Chi Minh City and Hau Giang and Binh Dinh provinces in the South from June 5-9, heard a press conference on May 29.

CAAV proposes 2-month pilot of eID accounts for air passengers

The Civil Aviation Authority of Vietnam (CAAV) will pilot the use of level 2 electronic identification (eID) authentication for air passengers at airports nationwide from June 1 to August 1.

Soldiers and sailors ready for any medical emergency at sea

In the Truong Sa islands, where there is a turbulent sea, the medical team has been a reliable support for the local fishermen, officials, and soldiers on the islands for many years.

Over 77,000 computers in Vietnam suffer data encryption in 7 months: Bkav

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Vietnamese airlines to launch more international air routes

Vietnamese airlines have announced plans to open more international air routes this summer.

Bringing back international travelers

Vietnam needs an effective short-term marketing campaign to attract international tourists from key source markets, especially those with untapped potential.

Agro-forestry-aquatic product exports drop 11% in five months

Agro-forestry-aquatic product exports were estimated at 20.26 billion USD in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD).

Biting the bullet

Flagging demand has compelled manufacturers to reduce their production and workforce.