March 31, 2020 14:57

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Vietnam may need an assistance package on social security: PM

20:20 | 24/03/2020

Prime Minister Nguyen Xuan Phuc put forward a suggestion on March 24 regarding the implementation of a rescue package on social security aimed at assisting people, particularly workers, in response to the increasingly widespread impact of the novel coronavirus (COVID-19).

“Given the impact of the coronavirus outbreak, we should consider a national assistance package on social security which is practically significant for workers,” PM Phuc said during a meeting held in Hanoi aimed at reviewing the implementation of the Party Central Committee’s resolution on social policy for the 2012 to 2020 period.

vietnam may need an assistance package on social security pm

PM Nguyen Xuan Phuc suggests an assistance package on social security to support people, businesses and workers against the COVID-19 impact

According to the PM, the nation is poised to enter a challenging period with the COVID-19 expected to impact all aspects of society.

“It would be a mistake if we cannot do this (implement an assistance package) through the national fiscal policy and other means,” he stressed.

The PM stated that all resources should be pooled together in an effort to combat the epidemic effectively, with the primary focus being on supporting businesses along with helping laid-off workers and those in special circumstances, so as to ensure social security.

With regards to the application of Industry 4.0 technology on daily life, the government leader noted the need to effectively train and utilise the country’s highly-skilled human resources, while developing the labour market in a healthy, synchronised, and modern manner.

In addition, more efforts are to be made in order to develop a flexible social insurance system that features a variety of services, including voluntary social insurances for the agriculture and informal economic sector.

Source: VOV

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