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VietNamNews

Social insurance debt hits $187m

Update: February, 10/2012 - 09:32

HA NOI — The total social and medical insurance debt for 2011 was about VND3.9 trillion (about US$187 million), an increase of more than 33 per cent over 2010, according to Le Bach Hong, director of the Viet Nam Social Insurance Agency on Tuesday.

Hong also said localities were slow in suing enterprises with social-insurance debts. Only 21 localities did so last year.

The total number of social and medical insurance users in 2011 reached more than 57 million, nearly 9 per cent higher than the previous year. The industry collected nearly VND97 trillion ($4.6 billion) in 2011, up 20.3 per cent than 2010, according to the agency. — VNS

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