Vietnam Social Insurance has submitted proposals to address the rising number of cases of social insurance contributions not being paid by businesses.
By the end of 2022, debts from bankrupt or dissolved enterprises reached USD 171 million , impacting nearly 213,000 employees and their households.
In response, Vietnam Social Insurance has proposed two methods for employees to receive pensions: self-settlement, and resolution through selected agencies and enterprises.
Self-settlement involves employees paying voluntary social insurance premiums for 10 years or more.
The second method requires employees to wait for authorities to collect debts or find alternative financial sources.
The Vietnam General Confederation of Labor has urged the government to submit a plan to the National Assembly to resolve the issue.