More than 12.32 million labourers affected by COVID-19 have received total support of nearly 28.2 trillion VND (1.24 billion USD) from the unemployment insurance fund so far, according to the Vietnam Social Security (VSS).
The Vietnam Social Security (VSS) will exert every effort to provide the fastest and most convenient support for pandemic-hit employees and employers who are beneficiaries from the Government’s new support package sourced from the unemployment insurance fund, VSS Deputy Director General Le Hung Son has said.
The Vietnam General Confederation of Labour (VGCL) has proposed an eight-month exemption of health insurance premiums, until January next year, for labourers and firms victimised by COVID-19.
As of July, businesses nationwide owed social insurance premiums totalling over 20.6 trillion VND (887.6 million USD) due to the coronavirus crisis, according to Vietnam Social Insurance (VSI).
The HCM City Department of Labour, Invalids and Social Affairs would take whatever measures are needed in the second half of the year to safeguard workers’ incomes and jobs, which have been affected by the COVID-19 pandemic, Le Minh Tan, its director, has promised.
Indonesian President Joko Widodo has decided to raise the premiums for the Health Care and Social Security Agency (BPJS Kesehatan), roughly two months after the Supreme Court annulled his earlier decision to do so.
Bao Viet Group posted nearly 8.1 trillion VND (348.2 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 percent.
The Vietnam Social Security has directed its branches in cities and provinces nationwide to collect compulsory social insurance premiums of foreign employees in the country.
Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 percent year-on-year to nearly 365.52 trillion VND (15.55 billion USD), a report from the Ministry of Finance (MoF) showed.
The central province of Thua Thien-Hue has decided to provide 3.5 billion VND (150,000 USD) to assist insurance premiums for owners of offshore fishing vessels following the Government’s Decree No.67 on several fishery development policies.
More than 12,440 enterprises in Ho Chi Minh City owed social insurance, employment insurance and health insurance premiums totaling over 2.7 trillion VND (118.2 million USD) as of June 2018, making up 4.2 percent of the annual collection plan.
The insurance market has maintained a high growth rate of 21.2 percent in 2017, gaining revenue of 105.61 trillion VND (4.65 billion USD), a senior finance ministry official has said.
The total premium collected by insurance companies in the first eight months of 2017 surged by 21.9 percent year on year to nearly 65.56 trillion VND (2.89 billion USD).
The total premiums collected by insurance companies in the first seven months of 2017 surged by 20.9 percent year on year to 57 trillion VND (2.5 billion USD).
A string of new government policies come into force in June, including the exemption of land use fees for housing projects, specific financial mechanisms for HCM City, increased fees for medical examination and treatment for the insured and reduction of social insurance premiums.
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