Hanoi’s health insurance fund suffered a deficit of more than 500 billion VND (21.4 million USD) in the first half of this year, said Nguyen Duc Hoa, director of Hanoi Social Insurance.
Farmers and workers in the informal sector are often reluctant to buy voluntary social insurance because they do not understand its benefits and lack knowledge about the programme, according to the Vietnam Social Security.
The Government has officially issued a decree stipulating in details and guiding the enforcement of the Law on Social Insurance on compulsory social insurance for foreign employees in Vietnam.
As many as 815 enterprises in the southern largest economic hub of Ho Chi Minh City owe more than six months of social insurance payments, while thousands of enterprises owe two months.
Bilateral agreements for a new generation of social insurance policy have been negotiated to support foreign workers engaging in Vietnam’s social insurance scheme, said Deputy General Director of the Vietnam Social Security (VSS) Dao Viet Anh.
According to a report from the Vietnam Social Security (VSS), as of October 31, 2018, the number of health insurance card holders in the country reached 82.33 million or 87.62 percent of the population.