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

Other news

Most view

Engine manufacturing for exports to ASEAN (Photo: SGGP)

Businesses need to take initiative in exploiting FTA tax incentives

Statistics by the Export Import Department under the Ministry of Industry and Trade show that only 35 percent of Vietnam’s export commodities are making the most of tax incentives from free trade agreements (FTAs) which the country has participated in.


US dollar deposit rate should be increased: experts

The State Bank of Vietnam (SBV) should increase US dollar reward rates, kept at 0 percent for the last one year, to suit world market changes, attract foreign currency for economic development and prevent the source from running abroad.


Self - introduction

“Taste of world” buffet in Liberty Central Saigon Center

Central restaurant is located on the 3rd floor of Liberty Central Saigon City point hotel where combines the comfort of tradition with modern design for people to experience regionally-sourced cuisine and fresh local seafood, especially lunch and dinner buffet.

Stock market

New market rule to improve trading quality

A new rule issued by the Hanoi Stock Exchange, allowing brokerages to become securities market members, is expected to improve the trading quality of Vietnam’s securities market.