Society

WB to help Vietnam Social Security in pension fund management

Deputy General Director of the Vietnam Social Security (VSS) Nguyen Dinh Khuong recently held a working session with a delegation from the World Bank (WB) led by financial expert Alwaleed Alabatani in Hanoi to discuss the launch of a technical support programme for pension fund management.
WB to help Vietnam Social Security in pension fund management ảnh 1At the working session (Source: Internet)
Hanoi (VNA) – Deputy GeneralDirector of the Vietnam Social Security (VSS) Nguyen Dinh Khuong recently helda working session with a delegation from the World Bank (WB) led by financialexpert Alwaleed Alabatani in Hanoi to discuss the launch of a technical supportprogramme for pension fund management.

Khuong thanked the WB for assisting the VSSin improving its ability to manage pension funds and asked the lender tocontinue helping the VSS expand its investment portfolio and improve training, governance,and the capacity of its Department of Fund Management and Investment.

Alabatani said building on the success ofthe first stage of the programme (2017-2018) with a focus on training andimprovement of pension fund governance, the WB will arrange financing tocontinue assisting the VSS in the efforts during the second stage from2019-2021.

Earlier, the lender announced it hadmobilised 500,000 USD from First Initiative Foundation to assist the Vietnamesegovernment in pension reform.

Both sides agreed on a working plan toimplement the technical support programme based on priorities set by thegovernment. They discussed the VSS’s fund management and investment, thesupervision of private pension and the organisation of seminars on thefield.-VNA
VNA
#Vietnam Social Security#VSS#financial expert Alwaleed Alabatani#Vietnamplus#Vietnam News Agency#World Bank#First Initiative Foundation#pension fund governance
Follow VietnamPlus

Related News

Ministry submits plan for supplementary pension fund

Ministry submits plan for supplementary pension fund

The Ministry of Labour, Invalids and Social Affairs will submit to the Prime Minister a pilot programme for the implementation of a voluntary supplementary pension fund this year, which is expected to help increase pensions for retirees.
Voluntary pension scheme needed

Voluntary pension scheme needed

Voluntary pension insurance should be implemented as soon as possible because the delay would make life of retirees more difficult, a labour ministry official has said.

See more

Illustrative image (Photo: VNA)

ASEAN’s goods, culinary culture promoted in Europe

The ASEAN Committee in Prague (ACP) launched an "ASEAN Food Corner" on October 22, aiming to promote the culinary culture and introduce goods from ASEAN countries to consumers in the Czech Republic and Europe at large.

If the plan is approved, public employees will enjoy a continuous 9-day Tet break from January 25 to February 2 next year. (Photo: VNA)

2025 Lunar New Year holiday plan submitted to PM

The Ministry of Labour – Invalids and Social Affairs on October 22 submitted a proposal to the Prime Minister regarding the schedule for the 2025 Lunar New Year (Tet) – Vietnam’s largest traditional celebration – and other national holidays.

Illustrative image (Photo: VNA)

Kien Giang continues to take firm stand against IUU fishing

The Standing Board of the Party Committee of southern Kien Giang province has called for strengthening the Party's leadership in the fight against illegal, unreported and unregulated (IUU) fishing, part of a broader national effort to have the “yellow card” warning lifted by the European Commission (EC).

Yen Bai city in the northern province of Yen Bai is severely affected by Typhoon Yagi. (Photo: VNA)

Vietnam receives EU’s humanitarian aid for Typhoon Yagi victims

The Vietnam Red Cross Society (VNRC) Central Committee has received humanitarian response and early recovery support from the European Union and its member states through the International Federation of Red Cross and Red Crescent Societies (IFRC)' Emergency Appeal to assist the Vietnamese people affected by Typhoon Yagi and its subsequent floodings.

Conscripted Vietnamese workers honoured with ceremony in France (Photo: VNA)

Conscripted Vietnamese workers honoured with ceremony in France

A solemn ceremony was held on October 20 in the southern city of Arles, Bouches-du-Rhône prefecture of France, to mark the 10th anniversary of the memorial dedicated to Indochinese workers who came to work in the Camargue region during World War II.

At the signing ceremony of a cooperation agreement between Bac Lieu and Uiseong county, Gyeongsangbuk-do province on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period. (Photo: VNA)

Bac Lieu, Korean locality sign labour cooperation agreement

The Mekong Delta province of Bac Lieu on October 21 signed a cooperation agreement with Uiseong county, Gyeongsangbuk-do province of the Republic of Korea (RoK) on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period.

(Photo: VNA)

Tien Giang strives to reduce poverty rate to 0.87% this year

The Vietnam Fatherland Front (VFF) Committees at all levels in the southern province of Tien Giang have collaborated with agencies and organisations to speed up social security programmes, aiming to reduce the province's poverty rate to 0.87% this year, said Vice President of the provincial VFF Committee Huynh Van Hai.

The Chinese sailor is rushed to FV (Franco-Vietnamese) Hospital in Ho Chi Minh City for treatment as soon as he is brought to the shore. (Photo: VNA)

Chinese sick sailor on vessel AMIS STAR provided with first aid

A ship from the Vietnam Maritime Search and Rescue Coordination Centre (VMRCC) on October 20 provided first aid to critically-ill Chinese sailor on a Liberia-flagged vessel off the coast of the southern province of Ba Ria-Vung Tau before bringing him to the shore for further treatment.

At the meeting between Deputy Minister of Home Affairs Vu Chien Thang and UN Deputy High Commissioner for Human Rights Nada Al-Nashif. (Photo: VNA)

Vietnam respects right to freedom of belief, religion: official

Deputy Minister of Home Affairs Vu Chien Thang highlighted Vietnam’s consistent policy of respecting and protecting the right to freedom of belief and religion for all people, while meeting with UN Deputy High Commissioner for Human Rights Nada Al-Nashif in his recent trip to Switzerland.