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Conference on reviewing 10 years of the unemployment insurance policy

12/07/2019

  On July 12th, 2019, in Thanh Hoa province, Ministry of Labour – Invalids and Social Affairs (MOLISA) held the Conference on reviewing 10 years of the unemployment insurance policy. Deputy Minister Doan Mau Diep attended and chaired the Conference.  

Assessing the result of 10 years of implementation of unemployment insurance, Deputy Director General of Department of Employment, Le Quang Trung said that,  Vietnam has recorded continuous expansion of unemployment insurance coverage over the last 10 years.

Deputy Director of the Department of Employment Le Quang Trung said the impact of unemployment on economic, political and social stability in each country is considerable. It is one of the basic causes of economic stagnation since a high unemployment rate is accompanied by income decrease.

Noting the growth in the number of people covered in unemployment insurance from 2008 to 2018, he said while the figure was just about 5.99 million in 2009, it topped 10.3 million in 2015 when the Employment Law took effect, and approximated 13 million at present.
Unemployment insurance premiums collected have also increased year by year, reaching 15.53 trillion VND (668.8 million USD) in 2018. Meanwhile, the payments totalled about 9.72 trillion VND last year, 92.8% of which was spent on unemployment allowances and nearly 1% on vocational training support.
Addressing the Conference, Deputy Minister Doan Mau Diep said that, the unemployment insurance policies has been come into the real lives, helped employers and employees, contributed into ensuring social security. The implementation of the unemployment insurance ensures the principle of sharing, payment – enjoy and safety of the Fund. It shows the support each other among the enterprise’s community, among the labourers, and reveals the humanity as well as strengthens the cohesion of society.
At the meeting, participants discussed measures to better carry out unemployment insurance policies and protect the interests of those losing their jobs.
In the Conference, 19 Collectives and 59 individuals were awarded the certificate of merits of Minister of MOLISA; 14 collectives and 42 individuals were gifted the certification of the Department of Employment for the excellent result in implementation of unemployment insurance policies in the period 2008 – 2018.
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