Social insurance premium should be reduced for businesses: NA official

Mr. Bui Sy Loi, deputy chairman of the National Assembly’s Social Affairs Committee, yesterday proposed the Vietnam General Confederation of Labor and Vietnam Social Insurance Agency to gradually reduce the payment ratio of social insurance premium for businesses.

The old woman receives social insurance premium at an agency in HCMC (Photo: SGGP)

The old woman receives social insurance premium at an agency in HCMC (Photo: SGGP)

He was speaking at a dialogue about social insurance policies between 400 foreign direct investment (FDI) companies and the Vietnam Chamber of Commerce and Industry, the federation and the agency.
At present, payment for social, unemployment and health insurances, trade union dues and the insurance fund of labor accidents and occupational diseases account for 35.5 percent of workers’ wage, Mr. Loi said.

By DUONG LOAN – Translated by Hai Mien

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