CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Social Affairs
Vietnam’s new regulations on unemployment insurance
By Tuan Minh 14:32, 2015/01/08
Expanding the list of participants, amending provisions on conditions to enjoy unemployment allowance and on the level of such allowance, etc., are some of the significant adjustments on the policy of unemployment insurance stipulated in Law on Employment (2013), which will be brought into effect from January 1, 2015.
Benefits of unemployment insurance
Apart from the benefits when participating in unemployment insurance according to current provisions such as unemployment allowance, vocational training support and job search assistance, Law on Employment has been amended with the regime of support for training, retraining, improving qualifications of occupational skills to maintenance employment for workers.

 
Wages on which unemployment insurance premiums are based
According to new regulations, the monthly wage, based on which unemployment insurance premiums are calculated, is the wage on which compulsory social insurance premiums are based under the Law on Social Insurance. In the event where the monthly wage, on which unemployment insurance premiums are based, is higher than the 20 months’ regional minimum wage, the 20 months’ regional minimum wage will be applied in accordance with the provisions at the time of payment of unemployment insurance premiums, unlike current provisions which base on the common minimum wage.
 
Level and duration of unemployment allowance
1.     Based on new regulations, while monthly unemployment allowance level of the employee equals 60% of the average monthly wage of 6 consecutive months before the worker becomes unemployed but “must not exceed 5 times the region-based minimum wage level in accordance with the provisions at the time of termination of the labor contract”, current provisions do not regulate about the limit of maximum level.
2.     The duration of unemployment allowance entitlement is based on the number of months of payment of unemployment insurance premiums. Accordingly, this duration is 3 months if the period of payment of unemployment insurance premiums is between full 12 months and full 36 months, which is added with 1 month for each additional period of payment of full 12 months, but must not exceed 12 months.
 
Termination of unemployment allowance
Basically, the cases of termination of unemployment allowance under the Law on Employment inherit from the current provisions of Law on Social Insurance and supplemented with the following cases: the employee performs public security service obligation; goes abroad under a labor contract; attends a training course of full 12 months or longer; is administratively sanctioned for violations of the law on unemployment insurance; is declared by a court as missing; is kept in temporary detention. Workers, who stop receiving unemployment allowance in cases such as finding a new job or performing military obligation, may have the period of payment of unemployment insurance premiums reserved for calculating the subsequent duration of receipt of unemployment allowance when they fully satisfy certain conditions. While under the current regulations, the employee will be entitled to onetime payment of the remaining value of unemployment allowance.
Comments
Other news
21:31, 2024/05/07
Vietnam needs urgent regulatory framework to control e-cigarettes: Officials
Most e-cigarettes contain toxic substances such as nicotine, metal, and formaldehyde, causing loss of control, lack of concentration, and impaired memory.
21:44, 2024/05/03
Hanoi's largest incinerator to process one million tons of waste this year
The plant will have a positive impact on waste management, which has long been a source of frustration for local residents.
23:05, 2024/05/02
Jan-April job growth impressive in Hanoi
Hanoi plans to provide employment opportunities for 20,000 people in 2024 by holding 230 job transaction sessions through online, specialized, mobile, and direct recruitment forms.
18:24, 2024/04/29
Supermarkets in Hanoi offer promotions during national holidays
Big promotions at supermarkets will be an attractive shopping experience for Hanoi residents who have not left the city to travel during the ongoing holidays.
15:15, 2024/04/27
Passengers crowd bus stations in Hanoi to move away for holidays
The number of travelers will peak from April 26 to April 28.
13:26, 2024/04/25
Hanoi takes drastic action against environmental violations
Hanoi will strengthen environmental protection in the capital and raise people's awareness via training courses on the implementation of the Law on Environmental Protection and legal documents.