|Total insurance debt owed by businesses has reached VND10.66 trillion ($506.30 million) this year.— File Photo
HCM CITY (VNS)— Total insurance debt owed by businesses has reached VND10.66 trillion ($506.30 million) this year, a rise of 22 per cent year-on-year, according to the Viet Nam Social Insurance Agency.
Mai Duc Thang of the agency said this figure included social insurance debt of more than VND7.93 trillion ($376.67 million) and health insurance debt of VND2.91 trillion ($138.32 million).
According to Thang, the total insurance debt, last recorded as of November 30, is owed by large corporations as well as businesses that have been dissolved or those whose business licenses have been revoked.
The Social Insurance Agency has sued more than 1,800 businesses that owe social and health insurance totalling VND977 billion ($46.41 million). Of that amount, the agency has reclaimed VND277 billion ($13.16 million). — VNS