WORDS ON THE STREET 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 / Hanoinews
Hanoi-based FDI firms pay $313 million to social security fund
Son Nguyen 21:48, 2023/10/27
The capital is home to 3,500 FDI enterprises, including 612 from Japan.

Hanoi's foreign direct investment (FDI) enterprises paid a total of more than VND7.7 trillion ($313.4 million) to the city's social security fund between January and September.

 Twenty Japanese companies operating in the northern region receive commendations from Vietnam Social Security. Photo: The Hanoi Times.  Photo: The Hanoi Times

According to Hanoi Social Security, the city is home to more than 3,500 FDI companies employing nearly 251,700 workers. Among them, there are 612 Japanese companies employing 115,000 people.

These Japanese companies paid about VND3.2 trillion ($130.2 million) to the city's social security fund in the January-September period, accounting for 41.7% of the total.

The Hanoi Social Security reported that with the increasing number of FDI and Japanese companies on an annual basis, their payment to social security has also increased.

Most FDI companies strictly follow the rules of the Vietnamese and Hanoi governments on social and health insurance, the agency said.

"It shows good compliance with the law and good ethics among these enterprises," Hanoi Social Security said at a conference with FDI enterprises in northern Vietnam this week. More than 100 Japanese companies attended the conference, with 70 of them operating in Hanoi.

The conference aimed to clarify the uncertainties of FDI enterprises on the implementation of social security and medical insurance regulations, to facilitate their long-term and stable operations in Vietnam, and to ensure the benefits and rights of employees.

At the conference, Nguyen The Manh, General Director of Vietnam Social Security, presented the "For Vietnam Social Security" medal to individuals working at Japanese organizations and agencies in Vietnam.

The Vietnam Social Security also gave commendations to 20 Japanese companies that have done a great job in complying with the rules on social insurance and medical insurance in 2023.

Among these companies, five are operating in Hanoi, including Nitori Furniture Vietnam EPE, Sumi Vietnam Wiring Systems Co. Ltd; Yamaha Motor Vietnam Co. Ltd., Panasonic Vietnam Co. Ltd. and Canon Vietnam Co. Ltd.

RELATED NEWS
TAG: Vietnam news Hanoi news hanoi fdi social security vietnam japan relations
Other news
16:57, 2024/11/21
Highly received by local passengers, e-ticketing shows Hanoi on the way to become a smart city
The introduction of electronic bus tickets is in line with Hanoi's digital transformation strategy to build an intelligent transport system.
14:43, 2024/11/21
Hanoi commends outstanding individuals in vocational education
Vocational teachers are praised for their contributions for the city's socio-economic growth.
08:40, 2024/11/21
Hanoi farmers' dialogue conference scheduled for December
The conference, which will be both in-person and online, is expected to attract 100 attendees.
18:33, 2024/11/20
Hanoi lawmakers approve smart traffic development plan
The plan aims to turn Hanoi into a city with intelligent transport by 2030.
18:06, 2024/11/20
Hanoi urged to step up support for OCOP members
Hanoi's One Commune One Product (OCOP) program has plans for the evaluation and classification of approximately 500 additional products in 2024.
05:22, 2024/11/20
Hanoi offers solutions to help businesses access digital economy
Hanoi has been promoting digital transformation awareness communication for the acceleration of digital activities in enterprises.