Tags: law on social insurance

Penal Code enforcement delay for the sake of people

Penal Code enforcement delay for the sake of people

The delay of the enforcement of the 2015 Penal Code just a few days before the effective date of July 1, 2016 due to lawmaking errors is said to be a brave decision showing the National Assembly’s responsibility towards the nation.

Labour benefits raise production cost concerns

Labour benefits raise production cost concerns

Although the amended Law on Social Insurance 2014 is expected to benefit labourers, domestic and foreign firms are concerned about growing production costs caused by increased social insurance payments.

Workers able to collect insurance lump sum from 2016

Workers under certain circumstances could opt to receive a social insurance lump sum, rather than waiting until retirement age to collect insurance payments in the form of monthly pensions, as stated in a resolution ratified by National Assembly deputies on June 22.