The meeting was held as part of the Supervision and Inspection Plan No 768/KH-HĐQL dated on March 29, 2022 of the Management Council for 2022.

VSS Deputy Director Generals Tran Dinh Lieu and Le Hung Son and representatives from the Ministry of Finance also attended the meeting.

A view of the meeting

At the meeting, leaders of the VSS and relevant agencies reported on the results of their implementation of assigned tasks from early in the year and orientations for fulfilling tasks in the remaining months of the year.

According to their reports, the implementation of tasks was made in line with regulations on investment activities from insurance funds; the opening of bank accounts to collect, spend and manage the organisational apparatus on the basis of the Resolution issued by the Social Insurance Management Council helped to improve the efficiency, safety and transparency; and they dealt with policies for social insurance, health insurance and unemployment insurance participants in a timely manner as well as carried out support packages for employers and workers affected by the COVID-19 pandemic following National Assembly and Government resolutions.

Representatives from commercial banks introduced the supply of services and digital banking products for businesses and workers to participate in social insurance, health insurance and unemployment insurance; and the opening of bank accounts to collect, spend and revoke social insurance, health insurance and unemployment insurance debts of the VSS at commercial banks.

Concluding the meeting, Vice Chairman of the Management Council of the VSS Nguyen Van Cuong spoke highly of the efforts of the whole social insurance sector and the involvement of authorities at all levels across the country. He acknowledged the efficiency and safety of investment forms regulated by the Laws on Social Insurance, Health Insurance and Unemployment Insurance and legal regulations.

The opening of bank accounts to collect, spend and revoke insurance debts at commercial banks demonstrated growth efficiency, safety and guarantees for the interests and obligations of insurance participants; and is in line with public services for businesses, workers, and residents.

 Vice chairman of the Management Council of the VSS Nguyen Van Cuong speaks at the meeting

Cuong proposed the VSS continue promoting achieved results. However, he said, investment activities must be made in line with regulations and the VSS should handle shortcomings recommended by authorised State agencies.

The VSS also needs to enhance consultancy and propose State management agencies to study to complete legal corridors about financial management; study policies and mechanisms to help remove difficulties and obstacles in carrying out tasks; and complete the application of information technology in managing investment activities.

Cuong said a regular meeting of the Management Council will be held soon to discuss and decide on some contents and plans following the VSS’ proposal to serve as a basis to implement tasks in 2023./.