HCM City: Over 12,440 firms owe insurance premiums
More than 12,440 enterprises in Ho Chi Minh City owed social insurance, employment insurance and health insurance premiums totaling over 2.7 trillion VND (118.2 million USD) as of June 2018, making up 4.2 percent of the annual collection plan.
HCM City (VNA) – More than 12,440 enterprises in Ho Chi Minh City owedsocial insurance, employment insurance and health insurance premiums totalingover 2.7 trillion VND (118.2 million USD) as of June 2018, making up 4.2 percent of the annualcollection plan.
The information was revealed by Director of the HCM City Social Security PhanVan Men at a conference in the city on June 19 to review the implementation ofsocial insurance, health insurance and unemployment insurance policies in thefirst six months of 2018.
He said 2,440 businesses failed to pay the insurance premiums worth 523 billionVND in over six months while nearly 10,000 others owed social insuranceinsurance fees from two to six months.
He added that 387 billion VND (16.9 million USD)out of the total debt amount could not beretrieved, coming from 1,570 dissolved and bankrupt businesses.
In the first half of 2018, the city’s Social Security conducted inspectionsover 737 units.
The violations in the collection and payment of social, health and unemploymentinsurance remain common, affecting the total revenue of the insurance fund andthe interests of employees, he said.
He cited the case of Nam Phuong Co., Ltd - a garment-textile company investedby the Republic of Korea – in Cu Chi district as owing social insurancepremiums for four months with the total amount of 27.8 billion VND.
The city’s Social Security has asked the public security department to makeinvestigation and launch criminal proceedings according to law against thecompany, he added.
The agency aims to reduce the owed payment ratio to below 3.7 percent andincrease the number of compulsory social insurance card holders to 2.46 millionat the end of this year. -VNA
Strengthening inspections over social insurance funds is essential given the hike in their management expenses in 2016 and 2017, heard the ongoing 24th session of the National Assembly Standing Committee in Hanoi on May 15.
Reforming social insurance policies is aimed at ensuring social insurance is truly a key pillar in the social security system and to gradually expand its coverage for all people, according to a resolution of the Party Central Committee.
The Vietnam Social Security (VSS) collected 121.1 trillion VND (5.38 billion USD) in revenue as of late May, or 36.7 percent of the yearly plan, it announced during a press conference on May 30.
Ensuring the rights of female labourers in the workplace is a priority of the Vietnamese Government, said Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
Illustrative image (Source: VNA) 
