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.
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.
Officials, Party members and citizens have paid attention to issues being discussed at the seventh plenary meeting of the 12th tenure Communist Party of Vietnam Central Committee, which takes place from May 7-12.
Both employers and employees need to change their attitude and approach to improve the very low rate of social insurance coverage in the country, experts say.
New regulations of the revised Law on Social Insurance and international experiences in reforming social issuance policy were the focus of a dialogue forum in Hanoi on July 13.
Foreign employees in Vietnam with work permits or practice certificates or practice licences granted by competent Vietnamese agencies will be covered by compulsory social insurance as from 2018.
Speeding up the implementation of the Law on Social Insurance will enable millions of labourers in non-official sectors to access social insurance, securing themselves and the society.