Over 1.48 million workers in Hanoi to get allowances from unemployment insurance fund

More than 1.48 million employees in 83,352 units in Hanoi will receive allowances from the unemployment insurance fund, according to Director of the city's Social Security Agency Nguyen Duc Hoa.

On October 1, the Government issued Decision No. 28/QD-TTg providing regulations on the implementation of support policies for employees and employers impacted by the COVID-19 pandemic, using the unemployment insurance fund.

Accordingly, different levels of allowances from VND1.8 million (US$79) to VND3.3 million (US$144.8) will be given to each labourer depending on the time they has paid unemployment premiums.

On September 30, the National Assembly also issued a resolution on the provision of allowances to employees and employers affected by COVID-19 using the unemployment insurance fund.

Under the resolution, about VND30 trillion (US$1.31 billion) from the fund will be used to support labourers who are covered by unemployment insurance as of September 30, 2021, excluding employees in State agencies, socio-political organisations, people’s armed forces and public non-business agencies who are paid by the State budget.

Labourers who have stopped paying unemployment insurance due to the termination of their labour contracts or working contracts between January 1, 2020 and September 30, 2021, and have unemployment insurance premium payment period reserved in accordance with the employment law, are also eligible for the support, excluding retirees who receive monthly pensions.

The support will be delivered from October 1 and scheduled to complete on December 31 at the latest.

The resolution clarifies that employers, excepting State agencies, socio-political organisations, people’s armed forces and public non-business agencies funded by State budget, who are joining unemployment insurance before October 1, 2021, will have their premiums reduced from 1 percent of their wage funds to zero percent for a duration of 12 months from October 1.

As a result, in Hanoi, the amount of unemployment insurance reductions for 12 months will be VND1.18 trillion (US$51.9 million). And over 1.48 million employees will receive allowances with a total amount of VND4.22 trillion.