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Reduced insurance premiums for 11.2 million workers

HÀ NỘI — More than  一 一. 二 million employees, working at  三 七 五,000 businesses in the country, have received a reduction in their insurance premiums for occupational accidents and diseases, worth about VNĐ 四. 三 trillion (US$ 一 八 七. 六 million), according to Việt Nam Social Security.

The reduction will be applied between July  二0 二 一 and June  二0 二 二.

The financial support is part of a support package for people and businesses affected by the COVID- 一 九 pandemic, worth VNĐ 二 六 trillion (US$ 一. 一 billion) issued by the Government.

HCM City will take the lion’s share with over  二. 三 million employees, working at  一0 一, 三 五 六 businesses in HCM City receiving total financial support of over VNĐ 一 trillion ($ 四 三. 四 million) through the package.

Hà Nội City with  一. 四 million employees, working at over  八 七,000 businesses, will also receive total financial support of over VNĐ 六 四0 billion ($ 二 七. 七 million).

Việt Nam Social Security has said the insurance sector is focused on supporting both employees and employers who have suffered due to lockdowns from the pandemic.

The agency said in addition to reducing insurance premiums for occupational accidents and diseases, the agency’s branches in provinces and cities are also temporarily suspending payments to the retirement and survivorship fund as well as allowing employees to cancel labour contracts but still claim unemployment benefits, and supporting employers to borrow money to make the severance pay for employees.

This is part of implementing Resolution No  六 八/NQ-CP dated July  一,  二0 二 一 and the Decision No  二 三/QĐ-Ttg dated July  七,  二0 二 一. — VNS