Foreign employees' social insurance concerns addressed at VBF

December 13, 2017 | 10:33

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Vietnam plans to sign bilateral agreements on social insurance for foreign labourers with countries which have large-scale investments in the Vietnam. Accordingly, the foreigners who completed social insurance payments in their home countries will be exempt from social insurance charges in Vietnam.

Deputy Minister of MoLISA Le Quan addressed growing concerns about the impending mandatory social insurance for foreign labourers

This was the response of Le Quan, Deputy Minister of Labour, Invalids and Social Affairs (MoLISA), at Vietnam Business Forum (VBF) 2017 to concerns expressed by a representative of the Korea Chamber of Commerce in Vietnam (Kocham) about the consequences of the mandatory social insurance for foreign labourers coming into effect on January 1, 2018.

According to Ryu Hang Ha, chairman of Kocham, foreign invested enterprises are concerned over potentially soaring costs and wish to clarify what benefits will be available upon the occurrence of diseases, industrial disasters or the death of foreigners and whether workers returning to their home countries after paying social insurance in Vietnam will be eligible for the benefits.

Clearing up some of these questions would go a long way to putting foreign workers’ minds at rest.

“These concerns need clear-cut answers so that foreigners can be assured when paying social insurance in Vietnam,” said Ha.

Quan added that from now to 2020, foreign labourers are entitled to short-term insurance, industrial disaster or accidental death and dismemberment insurance.

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