Insurance enterprises accumulated more than 152.5 trillion VND (6.7 billion USD) to reinvest this year, up 18 percent against last year, the Insurance Association of Vietnam (IAV) said.
New policies on compulsory social insurance, region-based minimum wages and multidimensional poverty standards are among those that take effect in January 2016.
Voluntary social insurance participants will enjoy more benefits including government subsidies of up to 30 percent of premiums, more choices in payment terms, and no age limit on participants.
The Ministry of Labour, Invalids and Social Affairs has come up with two scenarios for increasing retirement age to 60 for women and 62 for men; or 60 for women and 65 for men.
Source: VNA
