On October 1, the Government issued a Decision on regulations in realizing support policies for employees and employers impacted by the COVID-19 pandemic, using the unemployment insurance fund.

Different levels of allowances ranging from 79 USD to 144.8 USD will be given to each worker depending on the time they has paid unemployment premiums.

Last week, the National Assembly also issued a resolution on the provision of allowances to employees and employers affected by COVID-19 using the unemployment insurance fund.

Under the resolution, more than 1.3 billion USD from the fund will be used to support workers who are covered by unemployment insurance as of September 30, 2021, excluding employees in State agencies, socio-political organisations, people’s armed forces and public non-business agencies who are paid by the State budget.
Workers who have stopped paying unemployment insurance due to the termination of their labour contracts or working contracts between January 1, 2020 and September 30, 2021, and have unemployment insurance premium payment period reserved in accordance with the employment law, are also eligible for the support, excluding retirees who receive monthly pensions. The support will be delivered from October 1 and scheduled to complete on December 31 at the latest.

The resolution clarifies that employers, excepting State agencies, socio-political organisations, people’s armed forces and public non-business agencies funded by State budget, who are joining unemployment insurance before October 1, 2021, will have their premiums reduced from 1 percent of their wage funds to zero percent for a duration of 12 months from October 1.

In Hanoi, nearly 1.5 million employees will receive allowances with a total amount of more than 185 million USD.