Over the past years, the FDI enterprise sector has generated a significant amount of employment for Vietnamese laborers. Thus, ensuring social security in this sector holds immense importance. It not only contributes to securing and enhancing the quality of life for laborers but also enhances labor productivity, efficiency, profitability, competitiveness, and fosters the connection between enterprises and laborers.

Parallel to this, guaranteeing the legitimate rights and interests of laborers and enterprises, while effectively implementing administrative procedure reforms, aims to improve the business environment and create the best conditions for FDI enterprises. Vietnam's social insurance, health insurance, and unemployment insurance policies have seen fundamental improvements, striving to increasingly guarantee the social security benefits of participants. This is notably reflected in the new provisions of the amended Social Insurance Law, the amended Health Insurance Law, the Labor Code, and the Occupational Safety and Health Law.

VSS always strives to accompany FDI enterprises in ensuring social security for employees

As the organizing body implementing social, health, unemployment insurance policies, the VSS identifies administrative reform as a focal task. In line with this spirit, the VSS has proactively introduced specific measures such as implementing consultation systems, policy clarification, launching the English version of the VSS Electronic Portal, and more.

The year 2023 marks a significant event in the Vietnam-Japan relationship, celebrating 50 years of diplomatic relations between the two countries (1973-2023). Currently, the VSS serves over 92 million individuals participating in health insurance and 17.5 million in social insurance, accounting for nearly 40% of the labor force. Specifically regarding Japanese enterprises, there are over 2,100 enterprises with 547,100 individuals enrolled in social insurance, including 545,500 Vietnamese laborers and 1,600 foreign workers. The revenue from these enterprises constitutes over 13% of the total revenue from FDI enterprises in Vietnam. The Vietnam-Japan relationship has been nurtured and firmly strengthened in the spirit highlighted by the Prime Minister: "genuine, emotional, trustworthy, substantial, and effective."

The effective collaboration between Vietnam and South Korea in the realm of social security

Within the flow of international labor integration, social security, and labor migration in the region, there is a growing number of Japanese employees working in Vietnam and Vietnamese employees working in Japan. In this trend, social and health insurance policies for foreign workers in Vietnam are crucial parts of the overall social security policy for employees, a top priority for both governments and businesses.

Concerning South Korean FDI enterprises, within the process of international labor integration and labor migration, there's a rising number of South Korean employees working in Vietnam and Vietnamese employees working in South Korea. Specifically for South Korean enterprises, there are 4,559 enterprises in Vietnam with 1.31 million individuals participating in social insurance, including 1.29 million Vietnamese workers and over 12,000 foreign workers. Social insurance revenue from these enterprises constitutes nearly 25% of the total revenue from foreign-invested enterprises.

Ensuring maximum social security benefits for laborers

The pressing issue for both governments and businesses of these two countries is how to best ensure the rights and social security entitlements for workers when working abroad. In pursuit of this objective, the VSS is prepared to accompany and resolve obstacles, addressing difficulties for enterprises and administrative procedures within its jurisdiction. Simultaneously, there is a concerted effort to discuss and propose optimal solutions to ensure social security for both employees within FDI enterprises and foreign workers employed in Vietnam.

It's evident that the VSS consistently accompanies and endeavors to achieve the shared goal of maximizing social security benefits for laborers. This is a crucial factor contributing to the success of each FDI enterprise and the Vietnamese economy, in accordance with the guiding principles of the Party and the State, which place humans at the center, as the subject, the objective, the driving force, and the resource for development. This perspective aims to create favorable conditions for foreign enterprises to invest, operate effectively, succeed sustainably, and ensure social security for laborers./.