Businesses affected by coronavirus enjoy suspension of social insurance payments

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Businesses involved in transport, tourism, textile, hotels, restaurant and some special areas in HCMC that are coping with COVID-19 pandemic will enjoy a temporary suspension of social insurance payments from now until June, according to HCMC Department of Social Security.

Vietnam’s tourism sector could lose US$ 5bln due to COVID-19

Vietnam’s tourism sector could lose US$ 5bln due to COVID-19

Enterprises will not be charged any interest for the giving back when the pandemic ends.
According to the city Social Security's requirements, the temporary suspension of payment is applied for social insurance regimes including retirement and survivor allowance.
In addition, businesses that have 50 percent of employees quitting their jobs and suffer damage worth 50 percent of the total value of assets, excluding land will receive this treatment.

By Manh Hoa - Translated by Kim Khanh

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