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VSS aims to reduce long-overdue social insurance debt ratio

The Vietnam Social Security (VSS) aims to slash the social insurance debt ratio to below 1.7 percent this year in an effort to ensure benefits for social insurance and health insurance card holders, said VSS Deputy Director General Dao Viet Anh.
VSS aims to reduce long-overdue social insurance debt ratio ảnh 1Consultation at the social security agency in the northern city of Ninh Binh.(Photo: VNA)
Hanoi (VNS/VNA) - The Vietnam Social Security(VSS) aims to slash the social insurance debt ratio to below 1.7 percent thisyear in an effort to ensure benefits for social insurance and health insurancecard holders, said VSS Deputy Director General Dao Viet Anh.

According to the VSS, social insurance debt premiumsnationwide have amounted to more than 6.6 trillion VND (280.9 million USD),increasing by 1.3 trillion VND (55 million USD) compared to the end of lastyear. The debt ratio accounts 2.7 percent of the full-year collection plan.

Social insurance debt has been reported to increase in allprovinces and cities in all economic sectors, especially at private, jointstock, partnership and joint venture enterprises.

The VSS named and shamed enterprises that owe debtsamounting to billions of VND.

LILAMA 3 Joint Stock Company in Hanoi’s Me Linh districtowed 32.2 billion VND (1.37 million USD).

Nam Phuong Limited Company in HCM City’s Cu Chi district hasnot paid 28.9 billion VND (1.22 million USD).

Sai Gon Postel Corp in HCM City’s district 1 owed 27.9billion VND (1.18 million USD).

Mai Duc Thang, deputy head of the VSS Collection Department,said at a regular VSS briefing on March 26 that long overdue payments are dueto a lack of regulations on debt management and settlement.

The VSS and the Ministry of Labour, Invalids and SocialAffairs have been working on the issue but have not reached an agreement.

A number of enterprises spend payments on Tet (LunarNew Year) bonus, leading to the social insurance debt payment delay, he said.

Thang said grassroots trade unions try to advocate for theenterprises to pay their debts and ensure benefits for labourers, but theirinfluence remains limited.

To reach the whole year debt reduction target, the VSS plansto cut the debt ratio from the first months of the year.

The VSS will conduct unscheduled inspections of debt-owingunits. If units that owe debts for more than three months have not beeninspected, warning will be issued through the national database.

Results of the inspections must be reported to police,labour unions and other related authorities for further punishments.

The VSS plans to take stronger actions against overduesocial insurance payments by publicising a list of debt-owing enterprises on themass media.

The enterprises that have been penalised but stilldelay payment will be reported to the police to start criminal proceedings.

The VSS has ordered local social security agencies sendmonthly debt collection reports to local authorities to better supervisepayments.-VNS/VNA
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