Social, medical insurance still lacking in Vietnam

At an online meeting on March 20 on ‘Strengthening the Party Leadership in Social and Medical Insurance’, participants claimed that only 20 percent of employees had social insurance and around 65 percent of the population had medical insurance cards.

Over the years, the task of social and medical insurance has made great strides; however, it is worrisome that enterprises in some provinces and cities across the country avoid paying social insurance for their employees.

At the end of 2012, companies in the country owed more than VND4,639 billion in social insurance debts including VND100 billion unrecoverable debt.

The country is striving for 50 percent of employees to take part in social insurance by 2020; 35 percent of labor force to pay unemployment insurance and over 80 percent of the population to buy medical insurance.

Nguyen Thi Thu Ha, Deputy Secretary of Ho Chi Minh City Party Committee, proposed a regulation that forces employers to pay social and medical insurance in full and issue penalties on enterprises who shun this duty.

There should be a policy to encourage low-income earners to participate in medical insurance, said Ha.

The meeting was presided by Le Hong Anh, Politburo member and standing member of the Communist Party of Vietnam Central Committee and Vuong Dinh Hue, Finance Minister and member of the Party Central Committee.

By H. Hiep – Translated by Uyen Phuong

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