05 Measures to Mitigate Risks When Investing from Social Insurance, Health Insurance, Unemployment Insurance Funds

15:53, 10/07/2024

This is a notable provision delineated in Decree 30/2016/ND-CP specifying detailed regulations on investment activities from social insurance, health insurance, and unemployment insurance funds.

To be specific, when investments from Social Insurance Fund, Health Insurance Fund, and Unemployment Insurance Fund encounter risks, the following measures must be implemented to ensure the rights of citizens:

- Debt extension is when Vietnam Social Security temporarily does not collect a part or the entire investment amount when it is due for a maximum period of not more than 03 years;- Debt freezing is when Vietnam Social Security temporarily does not collect a part or the entire investment amount and the accrued interest when it is due for a certain period and does not charge interest on the unsettled amount during the debt freezing period; the maximum debt freezing period is not more than 03 years;- Interest forgiveness is when Vietnam Social Security does not collect a part or the entire investment interest from the related party when it is due for payment;- Debt sale is when Vietnam Social Security transfers the creditor rights of the risky investment to the debt buyer and receives payment from the debt buyer, carried out in accordance with legal provisions on purchase and sale of debt;- Principal forgiveness is when Vietnam Social Security does not collect a part or the entire investment principal from the related party.

Refer to the risk handling principles in Decree 30/2016/ND-CP effective from June 16, 2016.

- Thanh Lam -

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