Unemployment insurance has covered nearly 13 million people in Vietnam so far (Photo: VNA)Thanh Hoa (VNA) – Vietnam has recorded continuousexpansion of unemployment insurance coverage over the last 10 years with thenumber of people under this scheme approximating 13 million at present.
The information was released by the Departmentof Employment under the Ministry of Labour, Invalids and Social Affairs at ameeting reviewing 10 years of the unemployment insurance policy held in ThanhHoa province on July 12.
Deputy Director of the department Le Quang Trungsaid the impact of unemployment on economic, political and social stability ineach country is considerable. It is one of the basic causes of economicstagnation since a high unemployment rate is accompanied by income decrease.
Noting the growth in the number of peoplecovered in unemployment insurance from 2008 to 2018, he said while the figurewas just about 5.99 million in 2009, it topped 10.3 million in 2015 when theEmployment Law took effect, and approximated 13 million at present.
Unemployment insurance premiums collected havealso increased year by year, reaching 15.53 trillion VND (668.8 million USD) in2018. Meanwhile, the payments totalled about 9.72 trillion VND last year, 92.8percent of which was spent on unemployment allowances and nearly 1 percent onvocational training support.
At the meeting, participants discussed measuresto better carry out unemployment insurance policies and protect the interestsof those losing their jobs. –VNA
VNA
