Methods of Investment from Social Insurance, Health Insurance, and Unemployment Insurance Funds by Purchasing Government Bonds

15:52, 10/07/2024

On April 28, 2016, the Government of Vietnam promulgated Decree 30/2016/ND-CP detailing the investment activities of the social insurance fund, health insurance fund, and unemployment insurance fund.

The investment through the method of purchasing Government bonds of Vietnam is stipulated in Decree 30/2016/ND-CP as follows:

- Government bonds of Vietnam to be purchased include treasury bills, treasury bonds, national construction bonds issued by the Ministry of Finance in the domestic market and in the following forms:- Purchase bonds from the State Treasury in accordance with the law on bond issuance in the domestic market;- Purchase Government bonds of Vietnam from organizations and individuals in accordance with the law on Government bond transactions of Vietnam.- The bond purchase amount is decided by the General Director of Vietnam Social Security.- The investment duration of bond purchases depends on the term of each type of Government bond of Vietnam.- The repayment of principal and interest on Government bonds of Vietnam upon maturity shall be carried out in accordance with the law on bond issuance of Vietnam.- In the event of a necessity to sell Government bonds of Vietnam to recover capital before maturity, Vietnam Social Security shall specify the reasons in writing and submit to the Vietnam Social Security Management Board for consideration and decision.

More details can be found in Decree 30/2016/ND-CP effective from June 16, 2016.

- Thanh Lam -

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