Social insurance sector holds first development partnership conference

The Vietnam Social Security (VSS) hosted the first ever development partnership conference in Hanoi on November 30, drawing the participation of dozens of representatives of foreign donors.

The event aims to report and consult foreign donors and partners on the social security sector’s development goals and orientations as well as seek further cooperation possibilities in the coming time. 

At the event, donors pledged to accompany Vietnam in the implementation of social security policies. 

Nozomi Iwama, Senior Representative of the Japan International Cooperation Agency said that JICA is exploring the possibility of supporting health finance for the VSS. 

The two agencies started their cooperation on strengthening health insurance in October, she added. 

Since its inception 22 years ago, Vietnam’s insurance sector has seen significant development. The number of people participating in social security schemes increased from 2.2 million in 1995 to nearly 80 million people in 2017.

With hundreds of trillions of VND in social and health insurance premiums and benefit payment, the social security fund has become one of the largest public financial funds of the country.

According to Nuno Meira Simoes Cunha, Senior Technical Specialist on Social Protection of the International Labour Organisation, there has been significant development in administration and management in Vietnam’s social security. 

Vietnam is joining the group of most developed system when it comes to IT management and information system, he added.

On this occasion, the Vietnam Social Security launched the English version of its e-portal, marking the sector’s great efforts in setting up an information channel between the social insurance sector and international community. 

Nguyen Tien Thanh, Director of the VSS’s International Cooperation Department said the information and database available in English language will enable those who are interested in Vietnam’s social security in general and social insurance in particular to search and share information as well as discuss on related issues. 

At the event, the VSS presented insignias for the cause of social security for representatives of several international organisations.

VNA

Related news