Deputy Prime Minister Vu Duc Dam receives Cuban Minister of Labor and Social Security Margarita M. Gonzalez Fernandez, Ha Noi, September 13, 2019 Deputy PM Dam made the remarks during his reception for Cuban Minister of Labor and Social Security Margarita M. Gonzalez Fernandez in Ha Noi on September 13. He said that the adoption of the new constitution would help Cuba to promptly achieve the goal of pursuing the path towards socialism, accelerating foreign investment, shifting the mixed economic structure, and modernizing the society. At the meeting, the two sides discussed the contents related to human resource development, the rights and interests of laborers, the access to medical and educational services, social allowances and poverty reduction. The Cuban side wishes to cooperate and exchange experience with Viet Nam in labor, employment, wages, assistances for policy beneficiaries, and sending laborers to work aboard. Based on the … [Read more...] about DPM receives Cuban Minister of Labor and Social Security
Invalids and social affairs
New decree issued on compulsory social insurance for foreign workers
Hanoi (VNA) – The Government has officially issued a decree stipulating in details and guiding the enforcement of the Law on Social Insurance on compulsory social insurance for foreign employees in Vietnam. Under the decree, foreigners working in Vietnam with a work permit, practice certificate, or practice license granted by competent Vietnamese authorities and under definite-term labour contracts or contracts with a term of one full year and over shall be subject to compulsory social insurance. They shall be entitled to the following social insurance regimes – sickness, maternity, workplace accident, occupational disease, retirement, and survivor allowance. Those temporarily transferred from mother companies abroad to subsidiary firms in Vietnam or reaching retirement age shall not be subject to the compulsory social insurance scheme. This exclusion is aimed at addressing the concern of foreign enterprises over the duplication of social insurance payments. According … [Read more...] about New decree issued on compulsory social insurance for foreign workers
Foreign workers set to come under social security net in Vietnam
Under a new decree on compulsory social insurance for foreigners working in the country issued by the government on October 15, all foreign workers with labor contracts of at least a year will be subject to compulsory social insurance. The decree will come into effect on December 1. Under the decree, the basic social insurance package will cover sickness, delivery, occupational diseases and accidents, retirement, and death just like for Vietnamese workers. From 2022 foreign employees have to pay a monthly premium of 8 percent of their income to the retirement and death fund. Employers will contribute 17.5 percent of their employees’ monthly salary, 3 percent to the sickness and maternity fund, 14 percent to the retirement and death fund, and 0.5 percent to the occupational diseases and accidents fund from January 1, 2022. This will put Vietnam on par with Thailand and the Philippines, while Singapore only requires citizens and permanent residents to pay social security. The draft … [Read more...] about Foreign workers set to come under social security net in Vietnam
Social security in ASEAN hard to streamline
Social security in ASEAN hard to streamlineBy Vu Dung Guests doing check-in procedures at a hotel. Laborers working in the tourism sector can freely travel within the ASEAN Economic Community, but the social security system in the ASEAN is not yet able to cover all immigrants - PHOTO: TL HANOI – ASEAN countries should enhance their bilateral or multilateral cooperation in ensuring social security for migrant workers in the region. However, it has been challenging to develop a regional system of social and health insurance as each member country uses a different insurance system, said Pham Do Nhat Tan, vice chairman of the Vietnam Association of Manpower Supply. Nguyen Thi Dieu Hong, a social welfare expert, agreed on this point, saying on the sidelines of a seminar on immigrant laborers in late September that in Singapore and Malaysia, the social security program focuses on the concept of individual accounts, while other countries develop common insurance funds, for which … [Read more...] about Social security in ASEAN hard to streamline
Survey: retail and financial firms most eager to hire in Vietnam
A recent salary survey by Talentnet shows that the retail, banking, and insurance sectors are the most likely to increase their headcount to support business expansions in 2019. Talentnet & Mercer announced its survey to 600 companies in Hanoi and Ho Chi Minh City With positive outlooks and ambitious plans ahead, 80 per cent of retail and financial firms in Vietnam are busy recruiting new staff members. According to the Talentnet & Mercer Salary Survey 2018, these industries are ranked among the top potential recruiters this year and the next. “Business conditions in Vietnam are very good in 2018 and 2019, with national GDP forecasted as high as 6.9 per cent. In general, most businesses in Vietnam will expend their business this year and next year,” said Hoa Nguyen, senior director of Human Capital Solutions Service. Salary is expected to increase at both foreign and domestic companies The results by Talentnet & Mercer are in line with another … [Read more...] about Survey: retail and financial firms most eager to hire in Vietnam