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Article: Social insurance to be raised?, THE VIETNAM INVESTMENT REVIEW
- Article from:
- The Vietnam Investment Review
- Article date:
- April 1, 2002
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
LOCAL experts have raised concerns over proposed amendments to the
draft
social insurance law which could bring about great changes to the
mobility
of the labor market.
The Ministry of Labor, War Invalids and Social Affairs (MoLISA) plans
to raise social insurance contributions from the current level of
20 per
cent of salaries, and make everyone subject to contributions. The
ministry
claimed that among 39 million employees in Vietnam, only 6 million
people
are compelled under law to pay social insurance, accounting for just
15
per cent of the labor pool. Of these, only 4.1 million actually pay
the
required contributions and are therefore covered by the social insurance ...
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