2020
DOI: 10.1111/aswp.12213
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Voluntary social insurance for Vietnamese laborers in the informal economic sector

Abstract: Voluntary social insurance (VSI), a type of social insurance organized by the Government, allows participants, who work in the informal sector with unstable jobs and income, to choose the premium and payment methods in accordance with their income for their retirement plan. The rate of Vietnamese laborers participating in VSI is low. This study aims to examine the current situation of VSI participation of laborers, as well as their perception of VSI visibility and assessment of VSI policies and utilization. Re… Show more

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Cited by 4 publications
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“…Therefore, we need to shift from crisis response to resilience-building for migrant workers by broadening the range of social protection measures for contracted workers to, for instance, partly recover income loss during work suspension (by employers) and receive unemployment payment (through social insurances). Meanwhile, non-contractual workers are entirely out of the public social security scheme, and voluntary social insurance remains unaffordable and provides a limited range of benefits (Mai et al 2021). Therefore, we recommend to reform further the social security system to extend the coverage and benefits to the most vulnerable people.…”
Section: Discussion and Recommendationsmentioning
confidence: 99%
“…Therefore, we need to shift from crisis response to resilience-building for migrant workers by broadening the range of social protection measures for contracted workers to, for instance, partly recover income loss during work suspension (by employers) and receive unemployment payment (through social insurances). Meanwhile, non-contractual workers are entirely out of the public social security scheme, and voluntary social insurance remains unaffordable and provides a limited range of benefits (Mai et al 2021). Therefore, we recommend to reform further the social security system to extend the coverage and benefits to the most vulnerable people.…”
Section: Discussion and Recommendationsmentioning
confidence: 99%