Webinar discusses ways to develop Vietnam's social security till 2030

ABO/NDO– The Vietnam Social Security (VSS) held an international consultation webinar on October 28 on development strategy orientations to 2030 with a vision through 2045.

Speaking at the event, VSS General Director Nguyen The Manh said the rate of public satisfaction with services provided by the VSS on new and traditional platforms has been relatively high. The VSS has become the biggest social welfare fund and made certain contributions to the country's socio-economic development, he said.

At the event (Photo: VGP).

Manh said the VSS has set a target that by 2030, about 60% of the workforce in the eligible age will join social insurance and about 45% will be covered by unemployment insurance. Farmers and workers in the non-official sector voluntarily joining social insurance will account for nearly 5% of the total.

Around 60% of people after the retirement ages will receive pensions, monthly social insurance allowances and social subsidies. The rate of public satisfaction with social insurance will reach 90%.

Participants at the event heard the VSS’s introduction of orientations to its development strategy by 2030 with the common goal of developing a streamlined, professional, modern, effective and efficient social insurance sector.

(Source: NDO)