In recent times, the Centre for Employment Service in the northern province of Hai Duong has improved its methods of operation, helping to increase the quality of human resources and reducing administrative procedures in order to cut processing times and costs. Previously, it took about 20 days to complete a regular unemployment insurance procedure. However, thanks to updated regulations, the centre can now handle a case within three working days. The move has significantly helped its customers save time and travel costs. After the deployment of administrative procedure reform in receiving and completing unemployment insurance applications, the province has received a warm response with 90 percent satisfaction from customers, while contributing to the increased awareness of unemployment insurance amongst the public. –VNA … [Read more...] about Unemployment insurance procedures sped up in Hai Duong
How are unemployment insurance and workers compensation alike
Gov’t proposed cut on unemployment insurance premiums
Viet Nam News HÀ NỘI - The Vietnamese government has proposed to reduce contribution by employers to workers' unemployment insurance premiums to facilitate "growth of enterprises" in the country by "improving their competitiveness". The proposed cut from one per cent of employees' monthly salary down to 0.5 per cent comes as part of a resolution issued by the government following a meeting held yesterday discussing a number of state management issues. The adjustment proposal, to be submitted to the National Assembly at its May meeting, will take effect right when the NA's resolution on adjusting unemployment insurance premiums comes into force, and will remain so until the end of 2019. The rationale behind this adjustment was that the remaining unemployment insurance fund hit upwards of VNĐ56.49 billion (US$2.5 billion) by the end of 2016, and the fund is projected to remain secure until 2020. According to existing law, the unemployment insurance fund will be jointly raised by the … [Read more...] about Gov’t proposed cut on unemployment insurance premiums
Firms to see delay on unemployment insurance
Firms to see delay on unemployment insurance (09-02-2009) HA NOI — Companies would not have to pay into the unemployment insurance fund until July, even though the fund was introduced earlier this year, said Do Quang Khanh, deputy director of HCM City Social Insurance Agency. Nguyen Van Ngu from the Vocational Training Centre in Dong Da District, said: "Thanks to the delay, we will have more time to prepare for paying unemployment insurance." "This partly helps decrease companies’ social insurance debts from billions of dong, like what happened before," he said. The regulations require the State, enterprises and labourers to fund the new insurance. Employees will contribute 1 per cent of their monthly salary to the fund, while employers and the State will both pay 1 per cent of the company’s monthly salary fund. The State and labourers have already started to contribute. According to the policy, companies with less than 10 workers will be forced to pay into the fund. … [Read more...] about Firms to see delay on unemployment insurance
Ten million people join unemployment insurance
So far, the unemployment insurance premiums are estimated at over VND 7 trillion, fulfilling 80.4% of the set goal. In Q3, there were around 155,400 applicants for unemployment insurance benefits, down 5,100 people from the previous quarter. Unemployment benefits monthly covered 166,000 people, up 28,700 people, 57.1% of whom are women. Especially, recipients of unemployment insurance benefits aged 25-40 remained high (67% for men and 65.3% for women). In Q3, 132,700 unemployment insurance beneficiaries got job consultation and 8,000 others received vocational training support. As prescribed by the Vietnamese law, any enterprise that employs 10 employees or more is required to participate in unemployment insurance. The employer is required to make and submit unemployment insurance dossiers for its employees to social insurance organizations within 30 days from the effective date of labor or working contracts of such employees. For an employee who enters into a seasonal labor … [Read more...] about Ten million people join unemployment insurance
Instructions on unemployment insurance
Question: What are the detailed instructions on unemployment insurance? Answer: The new Circular 28 has noticeable items as follows: The time limit for filling UI participation Circular 28 provides that within 30 days as from the signing of a labor contract (LC) or working contract by an employee who is mandatory participator of UI, the employer shall prepare and submit applications for unemployment insurance participation of the employee to the Social Insurance Agency (SIA). The Circular also instructs specifically on the case in which an employee, who has entered into more than one LC and will have all LCs be subject to mandatory participation of UI, is participating in UI for the first LC and but upon this being terminated or changed, the employee is no longer subject to mandatory participation of UI. Employer subject to the UI of the next LC must prepare and submit an application for UI of the employee to the SIA within 30 days from the termination or change of the first LC. … [Read more...] about Instructions on unemployment insurance