HCM City firms owe US$77 million in social insurance payments

As many as 815 enterprises in the southern largest economic hub of Ho Chi Minh City owe more than six months of social insurance payments, while thousands of enterprises owe two months.

hcm city firms owe us$77 million in social insurance payments hinh 0

The total owed is VND1.8 trillion (around US$77 million), according to the HCM City office of the Vietnam Social Security (VSS).

Mai Linh Group, for example, owes more than VND100 billion and its Mai Linh Southern Joint Stock Company at least VND53 billion.

In addition, Nam Phuong Co Ltd owes VND28 billion, Saigon Post and Telecommunication Services Joint-Stock Co VND24 billion, Cho Lon Taxi Co Ltd VND16 billion and Saigon Petro VND14 billion.

The city’s Social Security Agency and the Department of Labour, Invalids and Social Affairs have carried out inspections of the companies but the enterprises refused to pay.

Nguyen Thi Thu, deputy chairwoman of the office, said that thousands of newly established enterprises were being set up each year, but some of them went bankrupt or relocated.

Some of them did not pay social insurance because they were experiencing business difficulties, while others said they had fewer workers than the real figure, Thu said.

In March, the social security agency gave police a file to investigate the Nam Phuong Co Ltd for evading social insurance payments. The authorities will investigate other cases as well.


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