Vietnam aims for broader social insurance coverage with law amendments

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung addressed the 15th National Assembly's 7th session in Hanoi on May 27, clarifying key issues raised by lawmakers regarding proposed amendments to the Law on Social Insurance.

Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung speaks at the meeting.

Highlighting the goal of achieving a social insurance coverage of 60% by 2030, he stressed the importance of expanding coverage to achieve this objective, ultimately aiming for a universal and multi-tiered social insurance system.

The minister additionally proposed introducing incentives to discourage one-time withdrawal of social insurance benefits, among others.

N.A. Vice Chairman Nguyen Khac Dinh reported that 55 opinions were raised by deputies, including two opposing views on a specific point. 

The N.A. Secretary General will gather all these opinions and discussions for submission to relevant agencies before presenting back to deputies for further consideration. Finally, the N.A. Standing Committee will decide on the draft law's approval during a later stage of the session, he said.

Source: VNA