, Vietnam
/Tyler Morgan from Unsplash

Vietnam city exceeds 2024 targets with 95.25% coverage

Hanoi saw 8,169,748 individuals covered with health insurance last year.

Hanoi Social Security Office met and exceeded its 2024 targets, with health insurance coverage reaching 95.25% of its population.

This meant that 8,169,748 individuals were covered last year, a 2.3% year-on-year (YoY) increase.

The office coordinated with city authorities to implement social and health insurance policies, supported by two resolutions from the City People's Council and 19 directives from the City People's Committee.

Unemployment insurance participation rose to 2,100,671 people, up by 110,444 (5.55%), covering 44.9% of the working-age labor force and exceeding the target by 4.9%.

The office collected $2.8b (VND70.6t) from social, health, and unemployment insurance, a 14.8% increase from 2023, reaching 105% of the assigned target.

The late payment rate decreased to 2.08%, down 0.26% from the previous year.

A total of 638,982 cases of social and unemployment insurance benefits were processed, with payments exceeding $359,619,000 (VND9,221b).

Lump-sum social insurance payments were granted to 40,323 individuals, a 3.66% decrease from 2023.

Pension and monthly social insurance payments were disbursed to 596,000 beneficiaries, totaling $1.8b (VND45.1t), with 99.04% made via personal bank accounts.

Health insurance-covered medical expenses reached $989,679,405 (VND25,376.395b), including $264,298,242 (VND6.8t) for outpatient care and $725,381,163 (VND18,599.517b) for inpatient treatment.

The office conducted 5,041 inspections, recovering $19,500,000 (VND500b) in late payments and reclaiming $33,994.20 (VND871.8m) in improper benefit disbursements.

Hanoi continued its push for administrative reforms and digital transformation, with over 4.18 million people using the VssID digital insurance application. More than 14 million online applications were processed.

($1.00 = VND25,507.54)
 

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Indians face higher premiums on spiralling healthcare costs
Hospital expenses keep rising due to inflation and demand for sophisticated treatments.
Insurance
BMS CEO’s key to success is communication
Asking for support shows self-awareness and commitment to growth.
Insurance
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.