Nearly 2 billion USD spent on unemployment insurance in 2 years

Monday, 06/06/2022 17:24
The Vietnam Social Security (VSS) has used more than 45.444 trillion VND (1.96 billion USD) from the unemployment insurance fund to pay for employees and employers over the past two years, given serious COVID-19-induced difficulties facing production and business activities, reported Vietnam News Agency.

30 trillion VND from unemployment insurance fund to be given to pandemic-hit labourers, employers

1.03 million people receive unemployment allowance this year

Illustrative photo (Source: VNA)

In the context of the pandemic during the period, the Prime Minister issued a series of polices on social and unemployment insurance in support of employees and employers. A highlight among them was the support package worth over 30 trillion VND from the unemployment insurance fund under the Government’s Resolution No. 116, the largest direct cash aid ever.

In 2020-2021 and the first five months of 2022, the VSS has spared no efforts to quickly and effectively deliver the aid packages to its beneficiaries.

The VSS said it allowed 2,760 units with 374,126 employees to suspend their payment of the retirement and survivorship fund, which was valued at 1.913 trillion VND.

As of May 27, the VSS also paid 23.5 billion VND on funding to support training to maintain jobs for 5,038 employees of 36 units.

Book on Vietnam-RoK ties debuts

A book on the 30 years of socio-economic cooperation between Vietnam and the Republic of Korea (RoK) has been published by the Korea Institute for International Economic Policy (KIEP) on the occasion of the 30th anniversary of the Vietnam-RoK diplomatic relations (1992-2022), reported Vietnam News Agency.

Trade between Vietnam and the RoK rose 150 times and is expected to hit 100 billion USD in 2023. (Photo: VNA)

It is a collection of researches by Vietnamese and Korean professors and researchers.

Speaking to the Vietnam News Agency, Prof. Dr. Lee Han-woo from Sogan University said that the book provides an insight into the socio-economic partnership between the two countries over the past 30 years and gives objective assessments on the design of a better future for the bilateral ties.

Pointing to bright signs in economic cooperation between Vietnam and the RoK over the past 30 years, Prof. Lee noted that two-way trade rose 150 times and is expected to hit 100 billion USD in 2023.

He said that in the future, Vietnam and the RoK should further reinforce the foundation for their win-win partnership by supporting businesses to strengthen partnership and balancing bilateral trade.

In the field of socio-culture, he proposed that the two sides should work together to increase the promotion of the Vietnamese culture, art and literature in the RoK.

The professor suggested that the two sides coordinate together to expand programmes to introduce Vietnamese and Korean cultures to the other country through the Internet to strengthen mutual understanding.

Positive outlook ahead for Vietnamese seafood exports to China

After recording impressive export growth over recent months thanks to rising consumption demand in China, there are bright prospects for Vietnamese aquatic exports to this market this year, reported the Voice of Vietnam according to the Vietnamese trade counselor in China.

Illustrative photo

The General Administration of Customs of China reports despite China’s strict COVID-19 measures, Vietnam’s seafood exports to China over the opening four months of the year witnessed an impressive growth rate of 117.6% year-on-year, accounting for approximately 9% of China's total seafood imports.

Nong Duc Lai, Vietnamese trade counsellor in China, attributed such growth to the recovery of consumption demand in China, as well as the knowledge of the latest Chinese regulations on imported seafood products that local firms have acquired.

In addition, Chinese customs have recently granted codes in which to allow several Vietnamese seafood enterprises to export their seafood products to China.

Lai pointed out that although the COVID-19 pandemic is being brought under control in Vietnam, local seafood enterprises must continue to comply with the stringent COVID-19 regulations on food safety and hygiene set by the Food and Agriculture Organization of the UN (FAO), the World Health Organization (WHO), and particularly China, to avoid being returned.

He went on to say that as China sets stricter food safety standards, especially tightened control over imported frozen food, local seafood enterprises have been advised to further improve their product quality and fully abide by guidelines relating to COVID-19 prevention and control set by China in the future.

Routes Asia 2022 opened in Da Nang City

The 16th Asian route development forum (Routes Asia 2022) was opened in Da Nang City on June 6, bringing together more than 500 delegates representing more than 200 airlines, airports, and aviation service providers from 42 countries and territories around the world, reported the Voice of Vietnam .

For the first time Vietnam has hosted an international investment promotion event in Asia’s aviation industry. (Photo:

This is the only international investment promotion event in Asia’s aviation industry that was held for the first time in Vietnam.

During the three-day forum, policymakers from leading regional airlines, airport leaders, the world’s leading aviation suppliers, trade associations, ministries, and agencies will examine ways to restore the route network and realize action plans to accelerate the post-pandemic recovery process in the Asia-Pacific region.

According to Le Trung Chinh, chairman of the Da Nang City People’s Committee, Routes Asia 2022 is being held at a time when Vietnam has just opened its skies and welcomed the first international flights back after a two-long hiatus caused by the COVID-19 pandemic.

The hosting of the regional aviation development forum not only positions Da Nang as the destination of the event, but also demonstrates the city’s strong determination to restore its aviation network and tourism driven economy, said Chinh.

In the pre-pandemic period, he said Da Nang was a prominent new destination in Asia, attracting 39 international routes with 536 flights per week. However, subsequent outbreaks of COVID-19 have dealt a heavy blow to local aviation operations, disrupting aviation and tourism services.

“Therefore, restoring the international flight network and creating favourable conditions for tourists, businesses and investors to return to Da Nang are our primary goals, and we believe that Routes Asia 2022 will be a powerful and inspiring catalyst to realize these goals”, emphasized the Da Nang official.

Representatives of more than 200 airlines, airports, and aviation service providers from 42 countries and territories around the world showcase products at the forum. (Photo:

Meanwhile, Steven Small, director of Informa Routes that co-hosted the forum, said the successful hosting of Routes Asia 2022 will promote the recovery of the regional flight network and generate long-term economic benefits for the region.

Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam, also emphasized that the hosting of Routes Asia 2022 has brought about a better promotion opportunity for the aviation and tourism industries of Vietnam in general, and of Da Nang City in particular.

He expressed his optimism the hosting demonstrates the fact that Da Nang in particular and Vietnam in general continues to be a safe and attractive tourist destination and a dynamic center of aviation and tourism development in the Asia-Pacific region.

The Civil Aviation Authority of Vietnam will create all favourable conditions for airlines if they wish to restore international routes to Da Nang and Vietnam, he assured the participating delegates./.

Compiled by BTA