As many as 64.2 million people nationwide were covered by social andhealth insurance in 2014, up 3.7 percent over a year ago, reported theVietnam Social Security (VSS) during a press conference on December 26.
Insurance premium revenue also rose, estimated toreach 193.8 trillion VND (9.1 billion USD), a rise of 17.8 percent yearon year, equivalent to 100.25 percent of the plan set by the Government,according to the VSS.
However, the VSS managerspointed out that in spite of an increase in the participant number, thefigures remained low. Social insurance cover accounted for 20 percent ofthe workforce while health insurance reached only 71 percent of thepopulation.
Many employers have yet strictlyobserved the Social Insurance Law, evading paying premium for theiremployees. Localities were unwilling to pay premiums on time.
As of November 31, the amount of unpaid premiums hit 11.114 billionVND (522.3 million USD), accounting for 6.24 percent of the sum requiredto be collected, up 455.3 billion VND or 4.3 percent year on year,revealed the VSS.
The company declared that in 2015,the sector will work harder to raise the number of people covered bysocial and health insurance to 67.85 million and collect 202.94 trillionVND (9.53 billion USD) in premiums.
The sector willcoordinate closely with other ministries, the Vietnam Fatherland Front,and social-politic organisations to better monitor social and healthinsurance policies in localities, while stepping up administrativereform to cut premium payment duration to 49.5 hours per year by theend of 2015.-VNA
Insurance premium revenue also rose, estimated toreach 193.8 trillion VND (9.1 billion USD), a rise of 17.8 percent yearon year, equivalent to 100.25 percent of the plan set by the Government,according to the VSS.
However, the VSS managerspointed out that in spite of an increase in the participant number, thefigures remained low. Social insurance cover accounted for 20 percent ofthe workforce while health insurance reached only 71 percent of thepopulation.
Many employers have yet strictlyobserved the Social Insurance Law, evading paying premium for theiremployees. Localities were unwilling to pay premiums on time.
As of November 31, the amount of unpaid premiums hit 11.114 billionVND (522.3 million USD), accounting for 6.24 percent of the sum requiredto be collected, up 455.3 billion VND or 4.3 percent year on year,revealed the VSS.
The company declared that in 2015,the sector will work harder to raise the number of people covered bysocial and health insurance to 67.85 million and collect 202.94 trillionVND (9.53 billion USD) in premiums.
The sector willcoordinate closely with other ministries, the Vietnam Fatherland Front,and social-politic organisations to better monitor social and healthinsurance policies in localities, while stepping up administrativereform to cut premium payment duration to 49.5 hours per year by theend of 2015.-VNA
