The number of people receiving unemployment allowance is estimated to reach 1.03 million by the end of this year, about 24 percent higher than the same period last year due to the impacts of the COVID-19 pandemic.
The Vietnam Social Security (VSS) received the Continuous Improvement Recognition Award at the 37th ASEAN Social Security Association (ASSA) Recognition Awards for its good performance in expanding voluntary social insurance coverage.
General Director of Vietnam Social Security (VSS) Nguyen The Manh attended the 37th ASEAN Social Security Association (ASSA) Board Meeting on December 9, during which he proposed that members enhance connectivity and cooperation towards an ASEAN social welfare community of consensus and development.
Prime Minister Nguyen Xuan Phuc on November 16 attended the launch ceremony of the “VssID - Digital Social Insurance” – the mobile application of the Vietnam Social Security (VSS).
Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.
Many businesses have scaled down production and reduced their workforce due to the COVID-19 pandemic, leading to a decrease in the number of those participating in social and health insurance, as well as an increase in unpaid social security debts, experts have said.
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).
Japanese Minister of Health, Labour and Welfare Katsunobu Kato affirmed his country’s pledge to support and protect Vietnamese interns in the country while meeting with Vietnamese Ambassador to Japan Vu Hong Nam in Tokyo on August 11.
Loans for temporary leave pay are expected to help firms retain skilled workers and mitigate the number of laid-off workers triggered by the COVID-19 pandemic.
As many as 606,000 people had joined voluntary social insurance as of May 31 this year, completing half of the set target and up 26,000 compared with the figure of 2019, heard a meeting in Hanoi on June 9.
Workforce demand in Vietnam is growing as businesses gradually resume operations. But it is not an opportunity for everyone, as each employee must strive to adapt to new changes.
Since the outbreak of the COVID-19 pandemic, more than one in six young people have stopped working, while those remaining in employment have seen their working hours decrease by 23 percent, according to the International Labour Organization (ILO).
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has said that Vietnam is focusing on four measures to bolster wood and wooden product export growth this year.
The burden on transport enterprises will be reduced if a proposal for a three-month exemption of road maintenance fees is approved, the Ministry of Transport has said.
Hanoi authorities have been identifying and introducing solutions to address pressing difficulties facing production and business and ensure social security amid the COVID-19 pandemic, the 23rd meeting of the 16th Hanoi Party Committee heard on April 22.
Experts have warned that consumers may soon start defaulting on their credit card payments due to rising unemployment and salary cuts in many industries and sectors in the wake of the COVID-19 pandemic.
Providing loans with zero percent interest for business owners to pay their workers during the time the businesses have to suspend operation is one of the solutions proposed at a meeting of the Government’s standing members on March 31.
The Ministry of Labour, Invalid and Social Affairs has proposed the Government issue a 20 trillion VND (843 million USD) bailout package to soften the economic impact of the COVID-19 pandemic.
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