Vietnam may need an assistance package on social security: PM

Prime Minister Nguyen Xuan Phuc put forward a suggestion on March 24 regarding the implementation of a rescue package on social security aimed at assisting people, particularly workers, in response to the increasingly widespread impact of the novel coronavirus (COVID-19).

“Given the impact of the coronavirus outbreak, we should consider a national assistance package on social security which is practically significant for workers,” PM Phuc said during a meeting held in Hanoi aimed at reviewing the implementation of the Party Central Committee’s resolution on social policy for the 2012 to 2020 period.

vietnam may need an assistance package on social security pm

PM Nguyen Xuan Phuc suggests an assistance package on social security to support people, businesses and workers against the COVID-19 impact

According to the PM, the nation is poised to enter a challenging period with the COVID-19 expected to impact all aspects of society.

“It would be a mistake if we cannot do this (implement an assistance package) through the national fiscal policy and other means,” he stressed.

The PM stated that all resources should be pooled together in an effort to combat the epidemic effectively, with the primary focus being on supporting businesses along with helping laid-off workers and those in special circumstances, so as to ensure social security.

With regards to the application of Industry 4.0 technology on daily life, the government leader noted the need to effectively train and utilise the country’s highly-skilled human resources, while developing the labour market in a healthy, synchronised, and modern manner.

In addition, more efforts are to be made in order to develop a flexible social insurance system that features a variety of services, including voluntary social insurances for the agriculture and informal economic sector.

Source: VOV
english.vov.vn

Related News

Bright spots at the beginning of the year

Bright spots at the beginning of the year

VCN - Production and business activities of enterprises have been vibrant since the first days of the year, thanks to which, many economic indicators in the first 2 months of 2024 are positive and positive. This is the fulcrum of trust and motivation for businesses to continue to develop.
Vietnam experiences a trade surplus of over US$11 billion in two months

Vietnam experiences a trade surplus of over US$11 billion in two months

VCN - The trade turnover between Vietnam and China reach over US$27 billion only in two months
The Minister of Finance chaired the Vietnam - Korea Financial Investment Promotion Conference

The Minister of Finance chaired the Vietnam - Korea Financial Investment Promotion Conference

On March 7, in Seoul Capital, South Korea, the State Securities Commission (SSC) organized a financial investment promotion conference with the theme "Vietnam - Investment destination". Minister of Finance Ho Duc Phoc attended and chaired the Conference.
Hundreds of billions of dong are collected from exporting one type of drink every month

Hundreds of billions of dong are collected from exporting one type of drink every month

VCN - In less than two months, tea exports earned nearly US$24.2 million (equivalent to about VND600 billion), a sharp increase compared to the same period last year.

Latest News

GDP grows 5.66% in Q1

GDP grows 5.66% in Q1

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
Vietnam, US hold first foreign ministerial-level dialogue

Vietnam, US hold first foreign ministerial-level dialogue

Minister of Foreign Affairs Bui Thanh Son and US Secretary of State Antony Blinken co-chaired the first Vietnam-US Dialogue at the foreign ministerial level in Washington DC on March 25 (local time).
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - Mr. Le Huu Quang Huy, Member of the Inter-Branch Executive Committee of Vietnam Industrial Park Finance Association (VIPF), Vice Chairman of the Board of Members of the International Investment Study Institute (ISC) had an interview with Customs Magazine reporters about the FDI attraction situation.

More News

Vietnam attends 148th IPU Assembly in Geneva

Vietnam attends 148th IPU Assembly in Geneva

A delegation of the Vietnamese National Assembly (NA) led by NA Vice Chairman Tran Quang Phuong attended the opening ceremony of the 148th Assembly of the Inter-Parliamentary Union (IPU-148) and a plenary session in Geneva, Switzerland, on March 24.
More Vietnamese people go cashless: Visa study

More Vietnamese people go cashless: Visa study

Visa, a global leader in digital payments, has provided its insights into Vietnam’s payment landscape with its latest Consumer Payment Attitudes study that highlights the surge in cashless transactions among Vietnamese consumers.
Without resolving three significant bottlenecks, real estate market

Without resolving three significant bottlenecks, real estate market's revival will face numerous challenges

VCN - Economic expert Vu Dinh Anh shares insights on the real estate market's recovery trajectory in 2024.
Top Finnish legislator begins official visit to Việt Nam

Top Finnish legislator begins official visit to Việt Nam

Speaker of the Parliament of Finland Jussi Halla-aho and a high-ranking delegation of the Finnish Parliament arrived in Hà Nội on Sunday
Build advantages - Secure the future with Vietnam ESG 2024 Initiative

Build advantages - Secure the future with Vietnam ESG 2024 Initiative

VCN - In the context of global economic integration, Vietnamese businesses are facing many challenges in meeting strict requirements for green and sustainable development from investors, partners, international market and consumers. Faced with this trend, Vietnamese businesses, especially those participating in global supply chains or exports, are facing increasing pressure to apply ESG practices to avoid falling behind or being eliminated from the "game".
Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks lower deposit rates

Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
Breakthrough policies look towards green economy

Breakthrough policies look towards green economy

Extended producer responsibility (EPR) holds producers and importers responsible for the entire lifecycle of their products, including their disposal and recycling.
Vietnam remains attractive destination for foreign investors

Vietnam remains attractive destination for foreign investors

Vietnam's economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations. 2024 will be the year for foreign investors to seize opportunities and implement high-tech foreign direct investment (FDI) projects in Vietnam.
Vietnam pledges to continue contributing to UNESCO’s common affairs

Vietnam pledges to continue contributing to UNESCO’s common affairs

Deputy Minister of Foreign Affairs Ha Kim Ngoc attended the 219th session of the UNESCO’s Executive Board in Paris on March 18 and 19, during which the Vietnamese representative affirmed that Vietnam always highly evaluates multilateral cooperation and UNESCO’s role, and pledges to continue to make active and positive contributions to the organisation’s common affairs.
Read More

Your care

Latest Most read
GDP grows 5.66% in Q1

GDP grows 5.66% in Q1

Vietnam's economy grew 5.66% in the first quarter compared to the same period last year, the highest for the first quarter since 2020, the General Statistics Office (GSO) announced at a press conference in Hanoi on March 29.
Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Gov’t determined to hasten ODA, concessional loan disbursement: Deputy PM

Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
Vietnam, US hold first foreign ministerial-level dialogue

Vietnam, US hold first foreign ministerial-level dialogue

Minister of Foreign Affairs Bui Thanh Son and US Secretary of State Antony Blinken co-chaired the first Vietnam-US Dialogue at the foreign ministerial level in Washington DC on March 25 (local time).
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - According to data from the Foreign Investment Bureau (Ministry of Planning and Investment), accumulated to now, Vietnam has attracted 39,553 FDI projects with a total registered capital of US$ 473.1 billion, the total implemented capital of the FDI
Vietnam attends 148th IPU Assembly in Geneva

Vietnam attends 148th IPU Assembly in Geneva

A delegation of the Vietnamese National Assembly (NA) led by NA Vice Chairman Tran Quang Phuong attended the opening ceremony of the 148th Assembly of the Inter-Parliamentary Union (IPU-148) and a plenary session in Geneva, Switzerland, on March 24.
Mobile Version