On September 24th, the National Assembly’s Standing Committee continued its session, offering opinions on the draft amended Law on Employment.
Presenting the proposal, Minister of Labour, Invalids, and Social Affairs Dao Ngoc Dung stated that the amended law draft has expanded the participating subjects to include employees with fixed-term labor contracts of one month or more (currently three months or more).
Minister of Labour, Invalids, and Social Affairs Dao Ngoc Dung
The unemployment insurance contribution rates have been made more flexible, with employees contributing a maximum of 1% of their monthly salary. Employers contribute a maximum of 1% of the total monthly salary of their employees participating in unemployment insurance. Meanwhile, the state will provide support of up to 1% of the total monthly salary contributed to unemployment insurance for participating employees, funded by the central budget.
Regarding unemployment insurance, the draft stipulates that employers are eligible for support in cases of economic reasons, structural or technological changes as prescribed by the Labor Code; natural disasters, fires, epidemics, or dangerous infectious diseases, etc.
According to Minister Dao Ngoc Dung, the current unemployment insurance support policy for employees is very limited, almost exclusively covering unemployment cases, while training, retraining, and skill enhancement are rarely covered or kept at a very low level.
Therefore, the draft law is designed to make it easier for businesses and individuals to access unemployment insurance policies and provide training and skill enhancement programs to help employees retain their jobs.
Chairman of the Social Affairs Committee Nguyen Thuy Anh
This amendment also expands the subject of borrowing capital for overseas employment, creating opportunities for employees to work abroad under contracts and access preferential credit sources.
The Standing Committee of the National Assembly requested the drafting agency to ensure consistency and compatibility with current policies, especially the National Target Programs being implemented. It is also necessary to ensure alignment with the Law on State Budget and conduct an audit of the National Employment Fund in 2024. Additionally, further research is needed on the provisions for socialization and mobilization of social resources for job creation loans.
Overtime wages for students must not be lower than the minimum hourly wage
This amendment proposes a new regulation regarding overtime work for students. Accordingly, students enrolled in regular education programs who are of working age are allowed to work as stipulated by law.
The wages of student workers shall be agreed upon between the employee and the employer but must not be lower than the minimum hourly wage.
Employers have the responsibility to employ student workers in accordance with labor laws. Educational institutions and families are responsible for monitoring and supporting student workers during their employment.
“Express Processing of Health Insurance and Social Security Procedures for Citizens in Affected Flood Areas”
The Social Security Agency of Vietnam has instructed a flexible approach to carrying out duties, ensuring that citizens and patients can access and benefit from full health insurance and social security rights with the quickest and simplest procedures.
Unemployment Benefits: A Proposed Increase to 75% – What’s the Government’s Stance?
Unemployment insurance is a safety net designed to provide temporary financial support to individuals who have lost their jobs. It serves as a crucial buffer, offering a portion of one’s previous income for a limited period, recognizing that unemployment can happen to anyone and helping them bridge the gap until they secure their next opportunity.
Unemployment Insurance: Unlocking Enhanced Benefits After 12 Years of Coverage.
The Vietnam General Confederation of Labour has proposed an extended unemployment insurance package for long-serving employees, with benefits kicking in after 12 years of continuous service. This proposal was put forward during a consultative meeting on the amended Employment Law draft.
Struggling Businesses Seek Relief Amid Social Security Suspension, Pension Agency Responds
Troubled businesses propose social insurance agencies to support by extending the payment period for social insurance, health insurance, unemployment insurance and extending the period of calculating late payment interest
What pension benefits will workers receive in 2024 after contributing to social insurance for 20 years?
Upon reaching retirement age with 20 years of Social Security contributions, workers are entitled to various benefits beyond their monthly pension, such as:
