Vietnamese social insurance industry to support people overcome the pandemic

Following the direction of the Government and the Prime Minister, in the spirit of urgently bringing the Government's support policies to employees and employers hit by the Covid-19 pandemic as soon as possible, right after the Government issued Resolution No. 68/NQ-CP and the Prime Minister issued Decision No. 23/2021/QD-TTG, Vietnam's social insurance industry has mobilized all efforts to drastically implement support policies in the field of social and unemployment insurance with the goal of absolutely not generating additional procedures and documents outside of regulations, and not having overdue dossiers; ensured to make a settlement for employees and enterprises within no more than one working day after receiving complete dossiers.

Regarding the final result, just over a week after the issuance of the Prime Minister's Decision No. 23/2021/QD-TTg, on July 16, 2021, the VSS has completed the reduction of the contribution rate by 0% to the insurance fund for occupational accidents and diseases. Specifically, the social security encies of the provinces and cities have completed the procedures and sent notices to 375,335 employers, equivalent to 11,238,437 employees with the temporarily adjusted amount reduced to the insurance fund for occupational accidents and diseases (from July 2021 to June 2022) of about 4,322 billion VND.

This social insurance contribution reduction is both a practical solution to help businesses overcome the current difficult period and still ensure the settlement of employees' legitimate rights when unfortunately suffering from occupational accidents and diseases, contributing to ensuring employees' lives and health, especially in the context of inherent difficulties caused by the Covid-19 epidemic.

In addition, by the end of September 1, 2021, the Vietnamese social insurance industry has received and processed applications for 403 units in 44 provinces and cities, with 68,568 employees temporarily suspending contributions to the retirement and survivorship fund with the amount of 473.3 billion VND. The list of 651,429 employees of 26,595 employers to enjoy policies in 61 provinces and cities has been confirmed.

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