Another 2,693 employees would soon get support worth over VNĐ5.67 billion as the beneficiaries have not gone to social insurance agencies to get money or they provided incorrect bank accounts.

With the high number of beneficiaries, the support package sourced from the Unemployment Insurance Fund is considered the biggest cash assistance in Viet Nam so far. The support helped employees to partly overcome difficulties caused by the COVID-19 pandemic.

Vietnam Social Security (VSS) Director General Nguyen The Manh said that as soon as the National Assembly issued Resolution 24 on continuing to pay cash assistance to employees who applied for the support on time, VSS exerted efforts and resources to effectively implement the support package.

VSS asked social insurance agencies in provinces and cities nationwide to implement Resolution 24. VSS also organised online conferences to instruct social insurance agencies to deliver the support quickly, accurately and conveniently to beneficiaries, Mạnh said.

VSS Director General Nguyen The Manh talks to workers about the support package sourced from the Unemployment Insurance Fund

Thanks to the advantages of its unemployment insurance database, VSS also quickly identified employers and the estimated sum they are exempted to pay to the the Unemployment Insurance Fund over 12 months starting from October 1, 2021 as regulated in Government’s Resolution 116/NQ-CP.

As of August 31 this year, 347,000 employers nationwide have been entitled to a reduction in unemployment insurance contributions worth VNĐ8.385 trillion for 11 months.

It is estimated that by the end of September 2022, the reduced contributions to the the Unemployment Insurance Fund will be about VND9.2 trillion (US$388 million).

When receiving support, workers’ trust in the unemployment insurance policy is improved

Assessing the results of the implementation of the support package sourced from the unemployment insurance fund for employees and employers, VSS General Director Nguyen The Manh affirmed that the issuance of resolutions on support for pandemic-hit employees and employers showed the right attention, leadership and direction of the Party, National Assembly and Government in providing timely, direct and practical support to unemployment insurance participants.

The quick, effective and timely implementation of the support package also showed the proactive role, responsibility and efforts of VSS in ensuring the interests of people who participate in unemployment insurance.

The support package implementation was recognised and appreciated by employees, employers and the community, General Director Nguyen The Manh said.

Understanding situations and difficulties of employees and employers, the VSS always accompanies ministries, branches and localities, advising and proposing the Government promptly provide solutions to support employees and employers.

“The effective implementation of the support package has contributed to strengthening the confidence of employees and employers in the unemployment insurance policy, thereby continuing to actively participate in unemployment insurance, effectively contributing to the development of unemployment insurance participants,” General Director Nguyen The Manh said./.