HCM City firms owe 77 million USD in social insurance payments
As many as 815 enterprises in the southern largest economic hub of Ho Chi Minh City owe more than six months of social insurance payments, while thousands of enterprises owe two months.
Thousands of enterprises in HCM City owe social insurance payments, with the total debt at 1.8 trillion VND (Photo: VNA)
HCM City (VNS/VNA) - As many as 815enterprises in the southern largest economic hub of Ho Chi Minh City owe morethan six months of social insurance payments, while thousands of enterprisesowe two months.
The total owed is 1.8 trillion VND (around 77million USD), according to the HCM City office of the Vietnam Social Security (VSS).
Mai Linh Group, for example, owes more than 100billion VND and its Mai Linh Southern Joint Stock Company at least 53 billionVND.
In addition, Nam Phuong Co Ltd owes 28 billionVND, Saigon Post and Telecommunication Services Joint-Stock Co 24 billion VND,Cho Lon Taxi Co Ltd 16 billion VND and Saigon Petro 14 billion VND.
The city’s Social Security Agency and the Departmentof Labour, Invalids and Social Affairs have carried out inspections of thecompanies but the enterprises refused to pay.
Nguyen Thi Thu, deputy chairwoman of the office,said that thousands of newly established enterprises were being set up eachyear, but some of them went bankrupt or relocated.
Some of them did not pay social insurancebecause they were experiencing business difficulties, while others said theyhad fewer workers than the real figure, Thu said.
In March, the social security agency gave policea file to investigate the Nam Phuong Co Ltd for evading social insurancepayments. The authorities will investigate other cases as well.-VNS/VNA
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Thousands of enterprises in HCM City owe social insurance payments, with the total debt at 1.8 trillion VND (Photo: VNA) 
