On the afternoon of June 15, the Ministry of Industry and Trade issued Decision 1578/QD-BCT, applying anti-dumping tax and anti-subsidy tax on a number of cane sugar products originating from the Kingdom of Thailand. Specifically, imported sugar cane under HS codes 1701.13.00, 1701.14.00, 1701.99.10, 1701.99.90, 1702.90.91 will be subject to an official anti-dumping tax of 42.99% and an anti-dumping duty rate. the official subsidy is 4.65%. These two taxes are additional import taxes, applied to imported sugar cane originating from Thailand, including imports under tariff quotas. This decision has a term of 5 years, effective from June 16, Before that, the final investigation conclusion of the investigating agency determined that some Thai sugarcane products had dumping behavior, subsidized imports of the goods under investigation; The domestic industry is suffering significant injury and there is a causal relationship between the imports of the dumped and subsidized goods and the substantial injury to the domestic industry. In order to have a basis for determining the origin of imported goods subject to the application of anti-dumping and anti-subsidy tax, the customs authority will check the documents certifying the origin of goods, including: origin of goods (C/O), or proof of origin in accordance with the ASEAN Trade in Goods Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Free Trade Agreement between Vietnam and EU (EVFTA), UKVFTA… Previously, on May 12, the Trade Remedies Administration (Ministry of Industry and Trade) held a public consultation (online form) with the participation of 80 delegates representing groups of stakeholders including: Governments, businesses, associations of Thailand and Vietnam. At the consultation, a representative of the domestic industry said that the Thai sugar industry is supported by the Government from controlling the domestic market (supporting fixed prices, dividing market shares), controlling imports, export subsidies, direct financial support of 1.3 billion USD/year, debt financing, input subsidies, so when entering Vietnam, it caused serious damage to the industry, so it is recommended to impose taxes. Pursuant to the provisions of the Law on Foreign Trade Management, on September 21, 2020, the Ministry of Industry and Trade issued Decision No. 2466/QD-BCT on the initiation of anti-dumping and anti-subsidy investigation on cane sugar with originating from Thailand on the basis of the application dossier of the representative of the domestic industry. Implementing Vietnam’s commitments in ASEAN regarding the application of tariff quotas under the WTO, Vietnam has abolished tariff quotas on sugar imports for ASEAN countries since January 1, 2020. In the first eight months of 2020, the amount of cane sugar imported into Vietnam increased dramatically, reaching nearly 950,000 tons, an increase of more than 6 times over the same period in 2019. In which, the amount of cane sugar imported from Thailand into Vietnam accounting for a major proportion, reaching nearly 860,000 tons (compared to the same period in 2019 it was 145,000 tons and the whole year 2019 was 300,000 tons). According to a representative of the domestic industry, the sudden increase in imports is the main cause of damage to the domestic sugar industry. The domestic production of cane sugar in the 2019-2020 crop year is estimated at less than 800,000 tons, down from 1.2 million tons in the 2018-2019 crop year. In addition, the domestic industry has also provided information and evidence that cane sugar products imported from Thailand are being dumped into Vietnam and the Thai Government has been maintaining some subsidy policy for sugarcane farming activities of farmers and the sugar industry.

Airbus logo at the factory in Hamburg, Germany. (Photo: AFP/VNA) European aircraft maker Airbus has welcomed a truce between the European Union (EU) and the US to ease transatlantic trade tensions over government subsidies for the two manufacturers. airplane export Boeing and Airbus . Speaking at a press conference on June 15, Airbus Chief Commercial Officer Christian Scherer said: “From an Airbus perspective, we warmly welcome that agreement.” Mr. Scherer stressed that anything that levels the playing field in this highly competitive industry and avoids a nasty tariff confrontation where neither side wins is good news. Earlier, US Trade Representative Katherine Tai said that the EU and the US had come to an agreement to suspend retaliatory tariffs related to the dispute over subsidies for two aircraft manufacturers Airbus and Boeing in the past 5 years. year. Ms. Katherine Tai said Washington could re-impose punitive taxes if US companies cannot “ fair competition ” with European companies. This agreement is said to mark a diplomatic victory in the US President’s trip Joe Biden to Brussels. In March, the EU and the US also agreed to suspend for four months the imposition of retaliatory tariffs related to subsidies to Airbus and Boeing. The suspension will last until July 10, with tariffs re-imposed on July 11, if no solution is reached. Due to a trade dispute over government subsidies for two of the world’s top rival aircraft manufacturers, Airbus and Boeing, EU and US continuously roll out tariffs to punish each other. In March 2018, then US President Donald Trump imposed a 25% tax on imported steel products and 10% on aluminum imported from the EU, Canada and Mexico. In response, the EU approved regulations to impose tariffs on $3.2 billion in US goods, including a 25% tax on American whiskey. In addition to the Airbus-Boeing issue, the two sides are currently arguing over France, Spain and some EU countries imposing digital taxes on major US technology firms.

Besides, European Commission President Ursula von der Leyen also expressed optimism that the two sides will reach an agreement as soon as possible. US and EU express cooperation on protection issues for Boeing and Airbus In March, the EU and the US also agreed to suspend counter-tariff actions for four months over a dispute related to protections for Airbus and Boeing. The US accused the EU of protecting aircraft maker Airbus to create a competitive advantage, while the EU also accused the US of taking similar measures against Boeing. The related lawsuits have dragged on for the past 17 years but have not come to an end. The dispute has led Brussels and Washington to repeatedly launch tariffs to punish each other. In March 2018, former US President Donald Trump imposed 25% tariffs on imported steel products and 10% on aluminum imports from the EU, Canada and Mexico. In response, the EU approved a regulation to impose tariffs on $3.2 billion in US goods, including a 25% tax on the country’s whiskey. In addition to the issue of Airbus-Boeing, the two sides are currently arguing about France, Spain and some EU countries imposing digital taxes on major US technology firms.

A representative of the Trade Remedies Department (Ministry of Industry and Trade) said that the investigation and application of trade remedies, specifically the application of anti-dumping and anti-dumping measures on a number of cane sugar products originating from Thailand imported from Thailand. imported into Vietnam, has been implemented by the Ministry of Industry and Trade in accordance with the provisions of the law on foreign trade management, as well as in accordance with international practices, based on objective and verifiable grounds and evidence. real. After more than 5 months of investigation (since September 2020), based on the investigation results, and before making the final conclusion of the case, on May 12, 2021, the Ministry of Industry and Trade held a meeting hold a consultation session to listen to the opinions of all interested parties. The final conclusion of the Investigation Agency of the case, determined that there was an act of dumping and subsidizing the imported goods under investigation (cane sugar products originating from Thailand), causing significant damage to the domestic manufacturing industry; there is a causal relationship between imports of dumped and subsidized goods and substantial injury to the domestic industry. On that basis, the Ministry of Industry and Trade has decided to impose an official anti-dumping tax of 42.99% and an official financial tax of 4.65%. Anti-dumping tax, CTC is an additional import tax, applied to imported cane sugar originating from Thailand, including imports under tariff quotas. The time limit for application of anti-dumping tax and financial tax is officially 05 years from the date on which the decision on application of anti-dumping tax and financial tax officially takes effect (unless it is changed or extended according to another decision of the Ministry of Industry and Trade. ). Illustration Regarding the application of anti-dumping and anti-dumping duties, effective retroactively, the Ministry of Industry and Trade said, based on the final investigation conclusions and data of the General Department of Customs on the import situation of investigated goods. The Ministry of Industry and Trade determined that there was no sudden increase in the volume or quantity of dumped and subsidized goods entering Vietnam in the period from the time the investigation was conducted until the application of the CBGP tax. and temporary CTC. Therefore, there is not enough basis to apply anti-dumping and anti-dumping measures taken effect in advance according to Clause 4, Article 81 and Clause 4, Article 89, Law on Foreign Trade Management. In order to have a basis for determining the origin of imported goods subject to anti-dumping tax and CTC, according to Decision 1578/QD-BCT, the customs authority will check the documents certifying the origin of goods. , including: Certificate of Origin (C/O); documents certifying the origin of goods in accordance with the provisions of the ASEAN Trade in Goods Agreement, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU-Vietnam Free Trade Agreement, the EU-Vietnam Free Trade Agreement, and the EU-Vietnam Free Trade Agreement. Free Trade Vietnam – United Kingdom of Great Britain and Northern Ireland. Accordingly, if the customs declarant submits documents certifying the origin of goods from a country or territory other than the Kingdom of Thailand, the official anti-dumping tax and CTC is not required. If the customs declarant submits proof of origin from the Kingdom of Thailand or fails to submit the proof of origin, the official anti-dumping tax and CTC as mentioned above (anti-dumping tax is 42.99%, CTC tax is 4.65%). The Ministry of Industry and Trade also said that in case the anti-dumping tax and the official CTC are lower than the provisional anti-corruption tax and the provisional CTC (the tax rate is temporarily applied when there is no final investigation conclusion and the official tax is imposed). This tax difference will be refunded. Pursuant to current legal regulations, the Ministry of Industry and Trade and the investigating agency will notify the receipt of application for exemption after the Ministry of Industry and Trade issues a decision to apply trade remedies. A quick information to the reporter of the Industry and Trade Newspaper right after learning that the Ministry of Industry and Trade officially applied anti-dumping tax and CTC tax on imported sugar originating from Thailand, a leader of the Vietnam Sugar Association, said. : The Vietnam Sugar Association is quite satisfied with Decision 1578/QD-BCT of the Ministry of Industry and Trade. This is a timely decision, which will make an important contribution to support the development of Vietnam’s sugar industry, when in the context of integration, the sugar industry has faced great challenges due to the unfair competition of the sugar industry. imported sugar (mainly imported from Thailand) due to subsidies, dumping, and smuggling into the Vietnamese market. Compared with the previous decision to impose anti-dumping tax and temporary CTC, the official anti-dumping tax and CTC also eliminated the difference between raw sugar and refined sugar.

The US-EU reached a historic agreement to settle a 17-year dispute involving Airbus and Boeing. (Source: Getty Images) US officials confirmed that the country and the EU had reached an agreement to end a dispute over government subsidies to the world’s top commercial aircraft manufacturers at the US Summit- EU in Brussels. The two sides agreed to suspend the tariffs for a period of five years. US Trade Representative Katherine Tai said the deal “resolves a longstanding trade issue in the US-EU relationship”. “Instead of fighting one of our closest allies, we are ultimately fighting a common threat together,” Ms. Tai said. Under the agreement between Airbus-Boeing, any passenger aircraft built in the future will not be allowed to receive subsidies from the government. In addition, these two allies also pledged to settle another dispute related to imported aluminum and steel products. According to the CNN The fact that the EU and the US reached an agreement to end the dispute and impose a “eaten patty” tax for the past 17 years is a positive signal for bilateral cooperation under President Joe Biden. Immediately after the news was announced, shares of Airbus group rose 1.4% on the Paris exchange. Meanwhile, shares of Boeing have not changed much. (according to CNN)

At a meeting with leaders of the Government, ministries and sectors in mid-May, Vingroup applied for a pilot exemption of excise tax and registration fee for electric cars for 5 years in order to promote the electric vehicle market. . In fact, this is the first proposal in Vietnam but not new in the world. Many countries have also applied a combination of supportive policies, strong incentives for consumers and manufacturers to encourage the model transition from gasoline to electricity, typically China, the US and other countries. Europe. According to the Wall Street Journal, Mr. Hallgeir Langeland, 65, a former Norwegian politician and environmental activist, has not owned a car in 25 years. But when Ford launched an all-electric version of the Mustang last year, he didn’t hesitate. “I have to have it. I can’t wait until March,” Mr. Langeland said, recalling the Mustang he drove as a young man. Christian Burg, owner of an energy-efficient housing construction business in Germany, has been driving a petrol BMW X3 SUV for many years. When the German government increased subsidies for electric cars, he applied for a small business subsidy and switched to the iX3 rechargeable hybrid. “We received an incentive of 3,750 euros ($4,500),” he revealed. Governments are tightening emissions standards and supporting industries on the front lines of the fight against climate change. Photo: Reuters. From electric vehicle powerhouses China and Europe… Governments around the globe have introduced a variety of policies to boost the electric vehicle industry over the years, including reducing taxes, fees, subsidies, incentives, and administrative regulations. The common point is that governments have set a specific roadmap to transition from fossil fuel vehicles to electric cars. According to the CNBC Many Chinese drivers switch to electric cars because of the government’s preferential policies. For example, in 2016, Chinese buyers received a nationwide discount of 55,000 yuan ($8,599.01) for each BEV and 30,000 yuan ($4,690) for PHEVs. Municipal governments also provide additional support up to 55,000 yuan. Beijing also subsidizes electric vehicle manufacturers based on battery power density, driving range and energy consumption. For example, in 2020, a pure electric vehicle with a minimum range of 300 km will receive a subsidy of 16,200-22,500 yuan (2,532-3,517 USD). Along with that, it supports the construction of a battery charging network for electric vehicles. For taxes and fees, China offers 50-100% reduction in user registration fees from time to time, annual tax relief, free or low-cost charging. In addition, manufacturers will receive credit points if they produce many electric vehicles. China is the leading electric vehicle market in the world. Photo: Reuters. Buyers of electric vehicles in China also receive preferential registration fees, no need to wait for car registration for 6-12 months, free highways, and parking. In Shenzhen alone, taxis switching to electric vehicles will be able to receive subsidies. A 27-year-old customer, who lives in Hangzhou, has been waiting almost a year for a license plate for his petrol car. However, after seeing Xpeng’s G3 electric car, she decided not to wait any longer. “After applying the government subsidy, the car fits my budget of about 180,000 yuan (US$27,643),” she said. The European Union (EU) is also gradually tightening emissions standards and supporting industries on the front lines in the fight against climate change. Much of the support goes to initiatives that push consumers to buy electric vehicles, which in turn drives demand. After applying the government subsidy, the car fits my budget of about 180,000 yuan (US$27,643) A 27-year-old customer in Hangzhou In 2020, sales of new electric vehicles in European countries doubled, accounting for 43% of global sales. Rising momentum has brought the EU over China to become the world’s largest electric vehicle market. For example, Germany subsidizes up to 4,000 euros ($4,874) per BEV and 3,000 euros ($3,656) for PHEVs. The country also built a €1 billion fund for rebates and building charging stations. Meanwhile, France subsidizes 6,000 euros ($7,312) for cars that emit less than 20g of CO2, 5,000 euros ($6,093) per BEV, and nearly 10,000 euros ($12,187.01) for customers who switch from diesel vehicles to BEVs. Similar to France and Germany, Spain, Italy, Sweden, Denmark and Finland also apply different subsidies to electric vehicle customers. Denmark alone reduces sales tax up to 80%. Some major Spanish cities reduce taxes by 75%, while Finland has a minimum tax rate. …to North America Transportation is currently America’s largest source of greenhouse gas emissions. Therefore, US President Joe Biden’s plan to change gasoline cars to electric cars is essential to solving the problems of climate change. Biden’s proposals include incentives of up to $174 billion for electric cars. His plan is to increase discounts for customers who buy electric cars. In addition, the US president plans to push to increase the number of public chargers from 72,000 in 2019 to 500,000 in 2030. He also called for replacing the US government’s fleet of about 650,000 vehicles with models. electricity. Experts of Bloomberg It is estimated that 500,000 chargers may require about 6 billion USD of investment. Part of the $174 billion subsidy will also go directly to consumers to stimulate demand. Along with that are orders for electric vehicles directly from the federal government. To realize his climate ambitions, Mr. Biden needs to benefit as many electric vehicle manufacturers as possible. Bloomberg The above expenses all bring about the same effect. That’s increasing demand to accelerate the electrification of the US auto industry. Previously, the federal government and some states offered tax credits (up to $7,500) and incentives for buying electric vehicles, but the main federal incentive will begin to cut after manufacturers sold 200,000 electric cars. “To realize his climate ambitions, Mr. Biden needs to benefit as many electric vehicle manufacturers as possible.” Bloomberg comment. Meanwhile, the Canadian government requires that all vehicles sold starting in 2040 will produce zero emissions. The province of Québec will ban the sale of new gasoline-powered passenger cars from 2035. British Columbia will completely ban the sale or rental of gasoline-powered cars and trucks by 2040. Norway also introduced subsidy programs to boost sales of electric vehicles, including direct support of 4,000 euros ($4,874) to users, a 50% subsidy on vehicle prices and the cost of station construction and installation. charger for the manufacturer. A plan to change petrol cars to electric cars is necessary to address climate problems. Photo: Reuters. Along with that is a discount on fast charging service, free parking, fees for ships, boats, harbors, and the use of bus lanes; some road and ferry fees are waived. Taxes exempted for electric vehicles in Norway include fuel, road, and vehicle taxes. Meanwhile, Japan also exempts taxes related to vehicle ownership, purchase and tonnage. In 2020, electric car buyers will receive a subsidy of up to $7,700 depending on the vehicle’s battery capacity. According to Dr. Bui Quang Tuan, Director of the Vietnam Institute of Economics, government support is essential if Vietnam wants to develop the electric car industry to catch up with the world’s trends and achieve its goals. on green growth. “The support policy demonstrates the tectonic role of the State, its commitment to accompany businesses so that they can grow up, reach out to the world, and raise the level of Vietnamese people. Behind this policy is a very important political meaning, not just economic support,” said Dr. Bui Quang Tuan, Director of the Vietnam Institute of Economics.

It will not be easy for US President Joe Biden to “revolutionize the electric car” The electrification of the US transport industry is one of the commitments of President Joe Biden when running in November 2020. And a $ 2.3 trillion infrastructure plan, of which $ 174 billion is spent on electric cars and charging infrastructure, which the White House boss recently launched is considered the answer for the American people. But is that investment enough to change the shipping picture in the United States? Investment, stimulus, support With a newly announced $ 174 billion budget, President Joe Biden wants to invest and encourage Americans to switch to electric cars and trucks (EV), eliminate diesel or gasoline cars. . However, the New York Times quoted many experts as saying that although this is a large investment, it is not enough to change American perceptions about electric cars. Joe Biden’s team plans to subsidize electric car prices for individuals, businesses, and governments with tax exemptions, discounts and some other subsidies. On the other hand, US leaders set a target to build millions of charging stations by 2030. The White House owner also “opens a budget”, encourages manufacturers to participate in building electric vehicles and fuel cells at America. Bob Perciasepe, president of the US Center for Climate and Energy Solutions, said: “The United States is in a torrid time when most businesses and the state government look forward to a zero-emission future. carbon but admittedly, infrastructure is the biggest obstacle. The $ 174 billion investment alone will not be able to solve the climate problem or improve the US infrastructure, but it will be a powerful boost. The automakers have filled in their names on the list of greener trendy automakers like General Motors, Volkswagen or Ford Motor that are promising the future of EVs, but they insist they still need federal support. A representative group of manufacturers, suppliers and workers in the auto industry sent a letter to President Joe Biden saying: “The American transport revolution is not limited to one policy, it is dependent on a branch or rank in government or industry. It requires holistic strategy with a wide range of policies from legislators and regulators across economic, social, environmental, and cultural sectors. The group also calls on the government to subsidize, provide loans, and tax exemptions / reductions to stimulate electric vehicle production / research. Cognitive obstacles, technological breakthroughs are required Besides strong investment, the US government also has a big task to determine the success of the transition, which is to convince and change the perception of American people about the benefits of electric cars. According to statistics from Forbes Magazine in 2019, most Americans are not interested in electric cars. And the people’s awareness shift has not changed much despite many programs and strategies on environmental and climate protection that have been implemented during the past time. The demand for EV cars in the US has grown very fast, but in terms of overall premises is still low, accounting for only about 2% of the new car market and 1% of the total number of cars, sport utility vehicles, trucks … moving on the US road. Although the researchers point out that the full cost of owning and operating an EV vehicle will be cheaper after purchasing (fuel cost, lower maintenance frequency than vehicles using internal combustion engines) but perceptions of It is still difficult for people to change because the original electric car price is very high. The cost of buying an electric car is about $ 10,000 higher than the price of conventional trucks and cars in the same segment. The most expensive part of an electric vehicle is the battery. The average price of a battery system in a mid-range sedan is $ 15,000. Although the cost of batteries is on the decline, is expected to continue to drop deeply thanks to improvements in manufacturing and engineering, some scholars believe that, to really help electric cars lower prices to affordable prices, it takes a hit. Deep forays in technology. Most new car buyers in the US have to wait until the gas car breaks down to buy a new car. While, according to calculations from economic prediction firm IHS Markit, the average age of cars and pickups in the US has improved up to 12 years. Inadequacies about the charging station Another worrying problem hampering the U.S. transition to electric vehicles is charging. Currently in the US there are only more than 100,000 gas stations with additional charging equipment for EV vehicles. The Americans with garages will easily add chargers that allow overnight refueling, but this number is not much. Most people living in apartment buildings do not have enough dedicated chargers, or have to drive long distances to public charging stations to refuel their cars. “This is one of the top three reasons that customers often give when not choosing EV cars”, Mr. Sam Abuelsamid, an analyst at Guidehouse Insights magazine pointed out and emphasized, this is what the US administration need to solve. “We need to cover charging stations in areas where ordinary people do not have their own garages, have to park their cars outside like in narrow urban areas and big cities. If we solve that problem well, there will definitely be many people buying electric cars, ”said Sam Abuelsamid. The lesson of stimulating the demand for electric vehicles from China, the biggest rival to the US, shows that increasing the charging infrastructure is the decisive factor that helps Beijing rise to the top of the world in the proportion of electric vehicle users. However, according to experts, when all factors from supporting manufacturers, expanding fast charging systems and changing people’s perceptions converge, the transition to electric vehicles in the US still takes. a decade to come true.

The Vietnam Social Security Agency informed that, over the past time, due to the prolonged effect of Covid-19, many employees (employees) quit their jobs and lost their jobs, so they chose to receive social insurance once. According to the statistics of Vietnam Social Security, only in the first 3 months of 2021, the number of people enjoying one-time social insurance up to more than 226,500 people, an increase of more than 20.5% over the same period in 2020.

Many employees enjoy one-time social insurance with the desire to have an amount of money to cover their current lives. At the same time, a part of the employees still have the concept of “young depend on their father, old and trust their children”, not forming a habit when children pay social insurance so that when they get old, they can have a pension and control their own life. must depend on descendants.

The fact that an employee registers to receive social insurance once, leaves the social insurance system by himself is a worrying situation, not only directly affects the interests of employees, but also affects the socio-economic situation, as well. such as ensuring social security for the people of the Party and State.

The Vietnam Social Insurance Agency affirmed: Receiving the one-time social insurance only gives employees immediate benefits, but the employees have not fully foreseen the risks of losing many of their long-term benefits.

firstAccording to the current law, the total social insurance contribution to the retirement and survivorship fund is 22% of the monthly salary as a basis for the employee’s social insurance payment. In which, the employee pays 8% and the employer pays 14%, the total annual contribution to the social insurance fund. This specific ratio is equal to 2.64 month salary per year.

Meanwhile, if the employee is entitled to one-time social insurance, the annual entitlement rate of social insurance payment is only 1.5 months of the average monthly salary paid for social insurance for the years of payment before 2014 and equal to 2 months of the average monthly salary paid for social insurance. for the closed years from 2014 onwards.

Thus, if receiving one-time social insurance, the employee will lose about 1.14 months of salary for each year of social insurance payment before 2014 and about 0.64 months of salary for each year of social insurance payment after 2014.

Monday, When receiving one-time social insurance, employees will no longer have the opportunity to enjoy their pension, have no stable monthly income to ensure their life in old age. This is a very dangerous thing and leads to other disadvantaged consequences such as: not being granted a free health insurance card to enjoy the benefits of medical examination and treatment with health insurance, health care in old age, an age prone to difficulties. health assessment of each person. Because pensioners will be provided with free health insurance cards during the period of pension entitlement.

Moreover, the employee’s relatives are not entitled to the death benefit when the employee’s unfortunate death. Because if enjoying the pension, when unfortunately dies, the person who takes care of the funeral will receive a one-time funeral allowance equal to 10 times the base salary in the month the pensioner dies and their relatives are entitled to the death allowance. survivor monthly or once.

Ho Chi Minh City social insurance officials mobilize people to participate in social insurance to have a pension when they get old

Tuesday, the money paid to the social insurance fund is a valuable reserve of the employees themselves, it is not lost, but on the contrary, it is managed and invested by the social insurance agency.

In case, with the immediate difficulties (due to job loss, income loss), employees can completely reserve the time to pay social insurance, so that when possible, continue to participate in compulsory social insurance or participate in voluntary social insurance.

Conversely, when the employee has received one-time social insurance, if he / she participates in social insurance again, he / she will not be added to the time of previous social insurance payment, leading to when he is old enough to receive the pension, he / she may not be eligible for the time of payment to receive. pension or pay-period eligibility to receive a pension but the pension rate will not be high.

WednesdayWhen social insurance participants enjoy their pension, the pension level is adjusted periodically according to the consumer price index and economic growth (since 2003, the State has increased the pension by 17 times, with increases from about 7.5% to 9.3% for each adjustment, depending on the target group).

The total monetary benefits when enjoying the pension are much higher than when enjoying one-time social insurance

Sharing the concern about the increase in the number of employees receiving one-time social insurance, Mr. Do Ngoc Tho, Head of the Policy Implementation Department of Social Insurance and Vietnam Social Insurance, affirmed that when an employee receives one-time social insurance, the employee will suffer a lot, because Not yet at retirement age, all old pension money has been spent. When you get old, you cannot receive pension benefits and depend on children, grandchildren and the society.

If they unfortunately get sick and do not have a health insurance card, they also face the risk of not being able to pay the cost of medical examination and treatment after just one illness, long hospital stay, possibly facing poverty. hunger and exhaustion become a burden on families and society.

Mr. Do Ngoc Tho analyzed and took an example of an employee who has full 20 years of social insurance payment, with the average salary of 4 million VND / month for social insurance. Assuming this employee is eligible for a pension or a lump-sum social insurance benefit in 2021, if they are entitled to a pension, the male employee may receive a pension of 1.88 million VND / month.

Based on the average life expectancy of men of 71 years (the average life expectancy of men according to the General Statistics Office 2019), the number of months enjoying pension is 129 months. The total amount of money that person is entitled to from the social insurance fund is nearly 274 million dong.

In which, the total pension received from the age of 60 years and 3 months until death is 129 months x 1.88 million dong = nearly 243 million dong; buying health insurance card (4.5%) equaling nearly 11 million dong; a funeral allowance upon death (10 months base salary), equivalent to 14.9 million dong; survivorship allowance (assuming the lowest one-time death equal to 3-month pension) is over 5.6 million dong.

Many workers in Ho Chi Minh City participate in social insurance to have pensions to help control their life in old age

For female employees, because the percentage of female employees to enjoy pensions is higher (55%) and the period of enjoying pensions of women is longer than that of men (the average life expectancy of women is 76.3 years, equivalent to that after retiring at the age of 55 years and 4 months, retirees will live 240 months), so the total amount a female employee in this example will be entitled to from the social insurance fund is nearly 573 million dong.

Meanwhile, assuming that the employee goes abroad to settle down or has a life-threatening illness such as cancer, polio, cirrhosis, leprosy, severe tuberculosis, HIV infection has turned to AIDS and other diseases. according to regulations of the Ministry of Health; If receiving one-time social insurance, for both men and women, they will follow the calculation as follows: 4 million VND x (1.5 x 13 + 2 x 7) = 134 million VND. Thus, men on pension will benefit more than receiving one-time social insurance of nearly 140 million dong.

Thus, if compared with pension entitlement, receiving one-time social insurance is very disadvantageous for the employees. Because, when social insurance participants enjoy their pension, they enjoy a lot of benefits and the fact shows that the new pension is a solid support for employees when they get old, when they no longer have the ability to generate income.

Mr. Do Ngoc Tho also emphasized that receiving social insurance once will bring many disadvantages for employees. Employees should not for immediate benefits but miss the opportunity to enjoy a pension to cover their lives, as well as to enjoy the health insurance regime to take care of their health in old age. If the same time of social insurance payment is paid, the total monetary benefits when enjoying the monthly pension will be much higher than when enjoying one-time social insurance.

Mr. Do Ngoc Tho recommends that employees consider carefully, should not decide to enjoy one-time social insurance, but should reserve the time to pay social insurance so that when possible, continue to participate in compulsory social insurance or participate in voluntary social insurance. conditions to self-guarantee and take care of their own health when they get old, and at the end of their working age.

During the period of time reservation of social insurance payment, if unfortunately the employee dies, the family is entitled to a funeral allowance equal to 10 months of base salary and their relatives depending on the conditions for monthly survivorship allowance (up to 4 people ) to adulthood (if the child) or until death (if the wife, husband or father, mother is out of working age and has no income or income but is lower than the base salary); In case of receiving one-time survivorship allowance, the allowance level is calculated as one-time social insurance.

Persons on death pension, if there is a relative who is eligible for the monthly survivorship allowance. In fact, there are fathers, mothers, spouses and children who have received a monthly survivorship allowance several decades after the death of their child, spouse or parent.