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30 trillion VND from unemployment insurance fund to be given to pandemic-hit labourers, employers

National Assembly (NA) Chairman Vuong Dinh Hue has signed a resolution on the provision of support to labourers and employers affected by COVID-19 using the unemployment insurance fund.
30 trillion VND from unemployment insurance fund to be given to pandemic-hit labourers, employers ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – National Assembly (NA) ChairmanVuong Dinh Hue has signed a resolution on the provision of support to labourers andemployers affected by COVID-19 using the unemployment insurance fund.

Under Resolution No. 03/2021/UBTVQH15, about 30 trillion VND(1.31 billion USD) from the fund will be used to support labourers who are covered by unemployment insurance as of September 30, 2021, excluding employees inState agencies, socio-political organisations, people’s armed forces and publicnon-business agencies who are paid by the State budget.

Labourers who have stopped paying unemployment insurance dueto the termination of their labour contracts or working contracts between January1, 2020 and September 30, 2021, and have unemployment insurance premium paymentperiod reserved in accordance with the employment law, are also eligible for the support, excluding retirees who receive monthly pensions.

The support will be delivered from October 1 and scheduledto complete on December 31 at the latest.

The resolution clarifies that employers, excepting Stateagencies, socio-political organisations, people’s armed forces and publicnon-business agencies funded by State budget, who are joining unemploymentinsurance before October 1, 2021, will have their premiums reduced from 1 percent of their wage funds to zero percent for a duration of 12 months from October 1.

The detail beneficiary will be regulated by the Government,along with directions on the implementation of the policies in a timely,effective and transparent manner.

The resolution took effect on September 24.

On September 24, the Government issued Resolution No. 116/NQ-CPdetailing support policies for labourers and employers impacted by COVID-19, usingthe unemployment insurance fund.

Specifically, different levels of assistance from 1.8million VND (79 USD) to 3.3 million VND (144.8 USD) will be given to each labourer depending on the time they has paidunemployment premium./.
VNA
#COVID-19#ational Assembly (NA) Chairman Vuong Dinh Hue#unemployment insurance fund#State budget#Vietnam#Vietnam news#Vietnam News Agency
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