Insurance debt piles up in Hanoi

The Social Insurance Agency reported yesterday that the total debt for social, health and unemployment insurance has soared more than VND788 billion (USD 37.5 million) in Ha Noi.

A single year’s debt now accounts for approximately 25 percent of the above amount.

Social and health insurance companies also hold several diverse other businesses like road construction, buildings, machinery, textile and garments.

The Hanoi Social Insurance Agency says it will take action in handling long overdue debts and where necessary take legal action. 

By Ng. Quoc – Translated by Bach Lien

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