• editor@ijmra.in
  • ISSN[Online] : 2643-9875  ||  ISSN[Print] : 2643-9840

Volume 06 Issue 09 September 2023

Analyzing the Situation of Increasing One-Time Social Insurance Withdrawals in Vietnam Policy Recommendations
1Thi Xuan Huong Le, 2Minh Tu Pham
1,2University of Labour and Social Affairs
DOI : https://doi.org/10.47191/ijmra/v6-i9-08

Google Scholar Download Pdf
ABSTRACT:

In Vietnam, the situation of employees stopping participating in social insurance and withdrawing one-time social insurance has been an increasing trend in recent years, greatly affecting the implementation of the objectives of the social insurance policy. In this article, using secondary data collection methods and descriptive, comparative and contrasting statistical methods, the author has analyzed the current situation of legal regulations and the increasing situation of withdrawals from Onetime social insurance in Vietnam, analyzing the impact factors and challenges posed to employees and the social security system. The authors have proposed several recommendations and policy implications to limit the status of one-time social insurance benefits, towards realizing the goal of expanding social insurance coverage and ensuring income security for employees in their old age.

KEYWORDS:

one-time social insurance, lump-sum, Vietnam

REFERENCES
1) Aksel Hatland (1998), The Changing Balance Between Incentives and Economic Security in Scandinavian Unemployment Benefit Schemes, International Social Security Association Conference Book.

2) Bodie, Z., Marcus, A. J., & Merton, R. C. (1988), “Defined benefit versus defined contribution pension plans: what are the real trade-offs?”, Pensions in the US Economy, 139–162 in Z. Bodie, J. Shoven and D. Wise (eds).

3) Central Committee of the Communist Party of Vietnam (2018). Resolution No. 28-NQ/TW of the Seventh Conference of the 12th Central Executive Committee on reforming social insurance policies, issued on May 23, 2018.

4) Choi, J., Laibson, D., Madrian, B.C., Metrick, A. (2002), “Defined contribution pensions: Plan rules, participant choices, and the path of least resistance”, Tax policy and the economy, 16, pp.67-113.

5) Duong, N.T.H. (2021), “Factors affecting the increase in one-time social insurance benefits in Vietnam”, Proceedings of the scientific conference One-time social insurance in Vietnam, practice and problems, National Economics University, Hanoi, pp.71-78.

6) Exley, C. J., Mehta, S. J., & Smith, A. D. (1997), “The financial theory of defined benefit pension schemes”, British Actuarial Journal, 3(4), pp.835-966.

7) General Statistics Office of Vietnam (2020), Report on the impact of the COVID-19 epidemic on the labor and employment situation in the third quarter of 2020.

8) Harrison, J. M., & Sharpe, W. F. (1983). Optimal funding and asset allocation rules for defined-benefit pension plans. In Financial aspects of the United States pension system (pp. 91-106). University of Chicago Press.

9) Huong, L.T.X. (2022). Factors affecting the intention to receive one-time social insurance of employees in Vietnam, Ph.D. thesis, National Economics University, Hanoi.

10) International Labor Organization (1952), Convention 102 on Minimum Rules for Social Security, 28 June 1952.

11) International Labor Organization (1967), Convention 128 on the rights of persons with disabilities and the elderly, June 29, 1967.

12) International Labor Organization (1967), Recommendations on Injury, Old Age and Survivors' Allowances, June 29, 1967.

13) Micheal Burda & Charles Wyplosz (2013), Macroeconomics a European Text, Oxford University Press, ISBN 978-0-19-960864-5.

14) National Assembly of the Socialist Republic of Vietnam (2009). Law on Elderly No. 39/2009/QH12, promulgated on November 23, 2009.

15) National Assembly of the Socialist Republic of Vietnam (2014). Law on Social Insurance No. 58/2014/QH13, promulgated on November 20, 2014. 16) National Assembly of the Socialist Republic of Vietnam (2015), Resolution No. 93/2015/QH13 on the implementation of the policy of enjoying one-time social insurance benefits for employees, promulgated on June 22, 2015.

17) Viet Nam Social Security (2022). Report on work results in 2016, 2017, 2018, 2019, 2020, 2021, 2022. Hanoi, Vietnam.

18) Website https://lsvn.vn/co-hon-665-000-nguoi-rut-bhxh-mot-lan-trong-6-thang-dau-nam-2023-1689305108.html, accessed July 15, 2023.

19) Website https://phunu.nld.com.vn/cong-doan/bhxh-viet-nam-ly-giai-so-nguoi-rut-bhxh-mot-lan-nam-2022-tang-20221216174015875.htm, accessed May 30, 2023.

20) Yehuda Kahane (1978), The Theory on Insurance Risk Premiums, the Reexamination in the Light of Recent Development in Capital Market Theory, Telaviv University, Israel, Department of Economics Working Paper.
Volume 06 Issue 09 September 2023

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.


Our Services and Policies

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected.

The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

International Journal of Multidisciplinary Research and Analysis will publish 12 monthly online issues per year,IJMRA publishes articles as soon as the final copy-edited version is approved. IJMRA publishes articles and review papers of all subjects area.

Open access is a mechanism by which research outputs are distributed online, Hybrid open access journals, contain a mixture of open access articles and closed access articles.

International Journal of Multidisciplinary Research and Analysis initiate a call for research paper for Volume 07 Issue 05 (May 2024).

PUBLICATION DATES:
1) Last Date of Submission : 26 May 2024 .
2) Article published within a week.
3) Submit Article : editor@ijmra.in or Online

Why with us

International Journal of Multidisciplinary Research and Analysis is better then other journals because:-
1 : IJMRA only accepts original and high quality research and technical papers.
2 : Paper will publish immediately in current issue after registration.
3 : Authors can download their full papers at any time with digital certificate.

The Editors reserve the right to reject papers without sending them out for review.

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected. The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

Indexed In
Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar