Today: 20/03/2023 17:22:14 (GMT+7)

Nearly 2 billion USD spent on unemployment insurance in 2 years

The Vietnam Social Security (VSS) has used more than 45.444 trillion VND (1.96 billion USD) from the unemployment insurance fund to pay for employees and employers over the past two years, given serious Covid-19-induced difficulties facing production and business activities.

In the context of the pandemic during the period, the Prime Minister issued a series of polices on social and unemployment insurance in support of employees and employers. A highlight among them was the support package worth over 30 trillion VND from the unemployment insurance fund under the Government’s Resolution No. 116, the largest direct cash aid ever.

Nearly 2 billion USD, unemployment insurance, Vietnam Social Security,  Covid-19-induced difficulties, production and business activities

Illustrative photo.

In 2020-2021 and the first five months of 2022, the VSS has spared no efforts to quickly and effectively deliver the aid packages to its beneficiaries.

The VSS said it allowed 2,760 units with 374,126 employees to suspend their payment of the retirement and survivorship fund, which was valued at 1.913 trillion VND.

As of May 27, the VSS also paid 23.5 billion VND on funding to support training to maintain jobs for 5,038 employees of 36 units.

Timely support from unemployment insurance fund for right beneficiaries
(BGO) - Implementing the Government’s Resolution No. 116/NQ-CP dated September 24, 2021 on supporting employees and employers affected by the Covid-19 pandemic from the unemployment insurance fund, from October 1, Bac Giang province's Social Insurance Agency has quickly guided businesses, units and employees to enjoy the support policy.
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Unemployment Insurance Fund provides over VND10 billion to 3,570 beneficiaries
The Unemployment Insurance Fund has spent over VND10 billion (over US$440,000) to provide for 3,570 unemployed workers following one day of its implementation as the policy in support of workers hit by the Covid-19 pandemic.
VND30 trillion from unemployment insurance fund to be given to pandemic-hit labourers, employers
National Assembly (NA) Chairman Vuong Dinh Hue has signed a resolution on the provision of support to labourers and employers affected by Covid-19 using the unemployment insurance fund.
Social and unemployment insurances support labour
(BGO) -  To remove the difficulties caused by Covid-19 epidemic, the Social Insurance in Bac Giang province has coordinated with relevant departments and sectors to quickly support to handle the policies of social insurance and unemployment insurance for business and labour.

Source: VNA

Nearly 2 billion USD, unemployment insurance, Vietnam Social Security, Covid-19-induced difficulties, production and business activities
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