Minister of Finance Ho Duc Phoc: The Government is Designing a Support Package of VND 23,000 Billion from the Social Insurance Fund to Support Workers

25/06/2023 01:45 PM


Minister of Finance Ho Duc Phoc has announced that the government is designing a support package worth around VND 23,000 billion from the Unemployment Insurance Fund to provide assistance to workers during these difficult times.

On June 6th, National Assembly delegate Trang A Duong (from the Ha Giang delegation) proposed that the central government consider establishing a budget support fund to assist workers, similar to the policies implemented during the Covid-19 pandemic, to help workers reduce their difficulties and stabilize their lives. The delegate also suggested supplementing the National Fund and employment for localities to provide additional income support for workers.

Minister of Finance Ho Duc Phoc

Regarding this issue, Minister of Finance Ho Duc Phoc stated that in 2021, we spent VND 47,356 billion from the Unemployment Insurance Fund to support workers affected by Covid-19, and VND 30,8 trillion for those affected by Covid-19. In 2023, the remaining balance in the fund will be around VND 59,357 billion.

"Currently, we are designing a support package for workers to submit to the government and to the National Assembly Standing Committee, which is to spend around VND 23,000 billion from the Unemployment Insurance Fund to support workers during this difficult time," Minister Ho Duc Phoc said.

Illustrative image (internet)

According to the Minister of Finance, this means that the remaining balance in the fund will be around VND 39,405 billion. This demonstrates that the VSS and the Ministry of Labour, Invalids and Social Affairs are especially concerned about difficult periods, and are implementing all mechanisms and policies to support workers./.

VSS