, Vietnam
/Tingey Injury Law Firm from Unsplash

Vietnam targets insurance evasion, partners with prosecution authorities

Social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.

The Vietnam Social Security (VSS) has taken stringent measures against employers failing to meet their obligations, ensuring the legitimate rights and benefits of employees. 

This includes filing lawsuits, imposing administrative penalties, and coordinating with trade unions and other authorities for legal actions.

Since 2018, the VSS has submitted 413 prosecution petitions, resulting in 257 cases handled under Article 216 of the Penal Code. 

Additionally, coordination regulations have been established between the VSS and the Ministry of Public Security to exchange information on violations.

The VSS has identified instances of insurance evasion and fraud, assisting investigative authorities with information and regularly updating them on the situation.

ALSO READ: S’pore-based Igloo expands Weather Index Insurance coverage in Vietnam

Moreover, social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.

However, challenges remain, such as the lack of clear definitions and legal basis for penalties on insurance premium evasion. Grassroots trade unions face hurdles in initiating lawsuits due to procedural complexities and resource constraints.

To address these issues, the VSS proposes amendments to social insurance and health insurance laws to include regulations on premium evasion. 

They also call for closer collaboration between police and social security offices for evidence collection and advocate for empowering trade unions to file lawsuits.

 

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!