Forum highlights new social insurance policies
New regulations of the revised Law on Social Insurance and international experiences in reforming social issuance policy were the focus of a dialogue forum in Hanoi on July 13.
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Representatives from the Department of Social Insurance under the Ministry of Labour, Invalids and Social Affairs (MoLISA) and Vietnam Social Insurance updated information related to the expansion of social insurance coverage.
Accordingly, part-time staff in communes, wards and townships, and citizens that work abroad under contract will have to participate in compulsory social insurance from January 1, 2016.
From January 1, 2018, persons working under labour contracts with a term of between 1 month and 3 months; and employees who are foreigners working in Vietnam will also be required to join compulsory social insurance.
Other regulations on increasing the premium of social insurance and criminalisation of violations concerning social insurance regulations were also highlighted at the event.
Celine Peyron Bista from ILO’s office in Asia-Pacific said the remarkable outcome of the expansion of social insurance coverage in Vietnam is a valuable experience for other ASEAN member nations.
She proposed several measures to create balance between the adequacy and sustainability of the pension system.
Participants shared that the changed calculation of social insurance premiums will cause difficulties for many businesses.
According to MoLISA Deputy Minister Pham Minh Huan, the ministry has directed relevant agencies to examine regulations on labour in the Criminal Code 2015, aiming to avoid criminalising enterprises who dodge social insurance participation.
