Workers and employers in Ho Chi Minh City receive financial aid

Over VND5,422 billion (US$238 million) has been spent to support employers and employees in the city impacted by the pandemic.
By: | November 25, 2021
Topics: Compensation and Benefits | Health and Wellness | News | Vietnam

The amount spent by the Social Security of Ho Chi Minh City (HCMC) came from the unemployment insurance fund, according to the government’s Resolution No.116.

The total amount of over VND5,422 billion (US$238 million) has benefited nearly 2.3 million employees of 86,250 businesses.

So far, HCMC has spent a total amount of VND1.89 billion (US$83.2 million) to support nearly 1.8 million employees in 83,500 businesses who have reduced the payment on unemployment insurance from 1% to 0%.

Employees who have stopped paying their premiums in unemployment insurance from January 1, 2020 till the end of September 2021 and have not received financial assistance can contact the nearest social security agencies to receive the assistance.

Employees can apply for the assistance online via the National Public Service Portal, the Vietnam Social Security Public Service Portal, organisations providing I-VAN service or VssID app, postal services or directly at the HCMC Social Security, the Social Security of Thu Duc City and districts before December 12, according to Saigon Online.

READ: Vietnam proposes aid package for employees returning to work

Vietnam has three obligatory social security systems: social insurance, health insurance and unemployment insurance. Currently, social insurance and unemployment insurance are applicable only to locals.