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| An estimated 64 percent of foreign workers in Vietnam have joined compulsory social insurance (Illustrative photo: en.nhandan.com.vn) |
The figure was revealed recently by Dinh Duy Hung, deputy director of the
Contribution Collection Department under the Vietnam Social Security (VSS).
Hung said total collection of social insurance premiums paid by foreign workers
in the country has amounted to 100 billion VND.
According to statistics by the Ministry of Labour, Invalids, and Social Affairs,
the number of foreign employees in the country increased from 63,557 in 2011 to
83,046 in 2016. They mostly came from Asian countries like China, the Republic
of Korea, and Japan, accounting for 73 percent of the total; followed by
European nations (21.6 percent) and North America (2.4 percent).
Decree No.143/2018/ND-CP took effect from December 1, 2018. It stipulates that
employees who are foreign citizens working in Vietnam with either a work permit,
practice certificate, or practice licence granted by Vietnamese authorities and
under unfixed-term labour contracts or contracts with a term of full one year
and above will be covered by compulsory social insurance.
Similar to Vietnamese employees, the social insurance scheme for foreigners will
cover sickness, maternity, occupational diseases and accidents, retirement, and
survivor benefits.-VNA
Source: VNA
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