Deputy Minister Nguyen Ba Hoan. Photo: NhanDan

The Management Board of Vietnam Social Insurance has the functions of assisting the Government and the Prime Minister in directing and supervising the activities of Vietnam Social Insurance and providing consultancy on social insurance policies.

The Management Board of Vietnam Social Insurance is responsible for assisting the Government and the Prime Minister in directing and supervising the operation of Vietnam Social Insurance and providing advice on policies on social insurance, unemployment insurance and health insurance.

The Management Board is composed of the Chairman, Vice Chairmen and Members appointed, dismissed or dismissed by the Prime Minister at the request of the Minister of Home Affairs; The term of office of the members of the Management Board is 5 years.

The Management Board decides and is accountable to the Government for the investment forms and structures investment of social insurance, unemployment insurance and health insurance funds on the basis of the proposal of the General Director.

Members of the Managing Board are representatives of ministries and branches responsible for reporting on contents related to that minister or branch.

The Management Board also has the tasks and powers to propose competent state agencies to elaborate, amend and supplement regimes, policies and laws on social insurance, unemployment insurance and insurance. medical; industry development strategy; consolidating the organizational system of Vietnam Social Security; mechanism manage and use the funds of social insurance, health insurance and unemployment insurance./.