social insurance

Update news social insurance

Foreign invested enterprises (FIEs) complain that regulations related to the use of laborers are creating difficulties for their operations.

CPVCC reviews personnel scheme, salary policy, social insurance

 The first working day of the 7th plenary session of the 12th Communist Party of Vietnam Central Committee (CPVCC) took place in Hanoi on May 7.

Fighting social insurance challenges

Doan Mau Diep, Deputy Minister of Labour, Invalids and Social Affairs, talks to Hai Quan (Customs) newspaper about solutions to ease the burden of the social insurance fund for retirees

Insurance, wage policies to take effect

New policies on compulsory social insurance, region-based minimum wages and multidimensional poverty standards are among those that will take effect in January 2016.

Unofficial workers lack social insurance

 VietNamNet Bridge – Just five per cent of informal labourers across Viet Nam are covered by social insurance, posing a potential risk that millions of workers will be without any pension to support their later years.

Hanoi Council faces hot issues

 VietNamNet Bridge – Ha Noi People's Council has received 257 questions from municipal voters, mostly reflecting hot issues, ahead of its three day meeting this week.

Social insurance receives a boost

 VietNamNet Bridge – The Ministry of Labour, Invalids and Social Affairs (MOLISA) is drafting a decree to create a State subsidy for people joining the voluntary social insurance programme.

Millions of retirees at risk of getting no pension

Viet Nam would struggle to pay millions of its retirees pensions soon in the future as only about 20 per cent of the workforce are currently contributing to the social insurance fund.

Ministry admits irregularities at civil servant exam

The Ministry of Industry and Trade has admitted to violations in an examination to choose civil servants last year, saying its officials had leaked answers of the test to certain candidates.

Social insurance debts cause for alarm

 VietNamNet Bridge – Businesses that evade paying social insurance premiums for workers should be punished more harshly, the deputy general-director of Viet Nam Social Insurance, Do Van Sinh, said at a meeting on Wednesday.

Few sign up for voluntary insurance

 VietNamNet Bridge – The national voluntary social insurance programme aims to provide insurance to society's most vulnerable groups, but many intended beneficiaries are uninformed or unable to participate.

Workers apathetic about wage hike

 VietNamNet Bridge – Workers are showing apathy toward the Vietnam National Wage Council’s effort to seek public opinion on how much the minimum wage should be increased by in 2015 due to it likely having little impact on their socio-economic status.

Social News Headlines 28/6

 4,000 children suffering violence every year; First southern IP has police station; East-West Highway continues to subside; Transport ministry told to push clampdown on overloading

Firms lax on social insurance

 VietNamNet Bridge – Up to half of the 300,000 businesses currently operating failed to pay social insurance premiums for their workers, according to the Viet Nam Social Insurance Collection Board.

Should the retirement age be raised?

VietNamNet Bridge – As part of the revised draft Law on Social Insurance, Viet Nam is considering gradually raising the retirement age to 62 years for men and 60 for women starting in 2016.

Amended Enterprise Law will make it easier to set up business

 VietNamNet Bridge – Amendments to the Law on Enterprises would create favourable conditions for setting up businesses, Minister of Investment and Planning Bui Quang Vinh said at the 13th National Assembly's 7th working session on May 26.

Binh Duong to give workers $35 million in aid after riots

VietNamNet Bridge – The Social Insurance Bureau of Binh Duong Province plans to spend VND700 billion (nearly $35 million) to support the tens of thousands of workers affected in the recent disturbances at its industrial zones.

Current laws keep way open for businesses to evade social insurance fees

 VietNamNet Bridge – Social insurance agencies have reported that businesses owe VND12 trillion worth of unpaid social insurance fees so far. With such a huge sum of accounts receivable, the pension fund is in danger.

Retirement age to rise, pension levels to fall

 VietNamNet Bridge – According to the draft bill on social security being submitted to the National Assembly in May, pensions will be reduced while the retirement age will be raised.

New proposal to equalize pensions

 VietNamNet Bridge – Deputy Minister of Labour, Invalids and Social Affairs Pham Minh Huan talks to Dau Tu (Investment) Newspaper about possible changes to the pension in 2015.