New insurance law helps more people

New social insurance law includes further helpful points to people, said the Ministry of labor, Invalids and Social Affairds and Vietnam Social Insurance Agency said at a press conference in Hanoi on January 26.

The new law will take effect on January, 2016. It adds that those who have one year labor contract must participate in social insurance and people at all age may buy insurance. It also regulates that people will buy insurance in longer time to enjoy pension of 75 percent.

By Van Phuc – Translated by Anh Quan

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