Hanoi Social Insurance has just released a list of 500 enterprises with social insurance debt lasting 6-24 months. The total debt owed by these companies amounts to US$14 billion.
Hanoi’s authorities have ordered the city’s inspectors to inspect enterprises with long overdue social insurance premiums.
The inspections will be conducted next month at 284 enterprises that are late in paying their social insurance premiums by seven to 35 months.
Among those being inspected are bridge cooperative No.18 under Civil Engineering Construction Corporation 1 (owing over 10 billion VND or 435,000 USD); Quang Trung Construction Investment Joint Stock Company (owing over 1.9 billion VND or 82,600 USD); Thang Long Construction Mechanical Corporation (owing nearly 1.5 billion VND or 65,200 USD); Infrastructure Construction Investment Joint Stock Company (owing more than 1.4 billion VND or 60,900 USD); A Dong Construction Investment Corporation and Hong Nam Mechanical Joint Stock Company (owing 1 billion VND each or 43,500 USD).
Many enterprises on the inspection list were previously inspected but continue to delay paying their debts.
Deputy Chief Inspector of the city Nguyen Anh Tuan said the inspection will not interfere with the businesses’ operations.
After receiving the inspection plan, if the company pays the debt and Hanoi’s social insurance agency approves the payment, the inspection will be discontinued, he said.
According to Hanoi’s Social Insurance, more than US$122 million in premiums for social insurance, unemployment insurance and health insurance are owed as of November this year, making up 8.47 percent of the collections plan.
Hanoi is one of the localities with the highest social insurance, unemployment insurance and health insurance premium debts, directly affecting the legal benefits of nearly 760,000 labourers.
Prolonged debt repayment is blamed on loopholes in the civic procedure for cases involving social insurance premium debts. Suing enterprises that owe such debts is fraught with procedural challenges.
To address the issue, the Ministry of Labour, War Invalids and Social Affairs has proposed a decree managing the collection of social insurance, health insurance and unemployment insurance debts. It aims to protect labourers of enterprises which went bankrupt or have had their owners flee.
The decree proposes that the funds used to pay labourers whose insurance is owed will be sourced from the sum of money called debt interests that debt-owing employers have to pay.
The inspections will be conducted next month at 284 enterprises that are late in paying their social insurance premiums by seven to 35 months.
Hanoi names enterprises owing social insurance payments
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Many enterprises on the inspection list were previously inspected but continue to delay paying their debts.
Deputy Chief Inspector of the city Nguyen Anh Tuan said the inspection will not interfere with the businesses’ operations.
After receiving the inspection plan, if the company pays the debt and Hanoi’s social insurance agency approves the payment, the inspection will be discontinued, he said.
According to Hanoi’s Social Insurance, more than US$122 million in premiums for social insurance, unemployment insurance and health insurance are owed as of November this year, making up 8.47 percent of the collections plan.
Hanoi is one of the localities with the highest social insurance, unemployment insurance and health insurance premium debts, directly affecting the legal benefits of nearly 760,000 labourers.
Prolonged debt repayment is blamed on loopholes in the civic procedure for cases involving social insurance premium debts. Suing enterprises that owe such debts is fraught with procedural challenges.
To address the issue, the Ministry of Labour, War Invalids and Social Affairs has proposed a decree managing the collection of social insurance, health insurance and unemployment insurance debts. It aims to protect labourers of enterprises which went bankrupt or have had their owners flee.
The decree proposes that the funds used to pay labourers whose insurance is owed will be sourced from the sum of money called debt interests that debt-owing employers have to pay.
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