Duties and powers of Viet Nam Social Security Management Council in implementing social insurance policies

According to Article 10 of Decree No. 89/2020/ND-CP of Vietnam’s Government, duties and powers of Viet Nam Social Security Management Council (hereinafter referred to as “Management Council”) in giving commands and supervising the operation of Viet Nam Social Security and advising them on social, health and unemployment insurance policies are prescribed as follows:

- Give commands and grant approval for the development strategies of Viet Nam’s social security authorities, long-term plans, five-year plans and annual plans for the implementation of social, health and unemployment insurance policies, plan for preservation and growth of the insurance funds before they are submitted to the Prime Minister for approval; inspect and supervise the General Director of Viet Nam Social Security (hereinafter referred to as “The General Director”) in implementing those plans once they are approved.

- Supervise the implementation of payment and collection plan, management and use of social, unemployment and health insurance funds. Propose amendments to State policies on social, health and unemployment insurance to ensure the safety of the abovementioned insurance funds.

- Consider approving annual estimates of revenues and expenses of social insurance, unemployment insurance and health insurance funds; managerial cost of the insurance funds before they are submitted by Viet Nam Social Security to competent authorities for approval.

- Make decisions on and take responsibility to the Government for the methods and rates of investment from the insurance funds on the basis of suggestions from the General Director.

- Members of The Management Council shall be responsible for reporting relevant matters to their Ministers.

- Make suggestions to competent authorities about further construction and amendments to policies and law on social, health and unemployment insurance and the development strategies of the Department; file lawsuits against the entire Viet Nam Social Security’s system and management mechanism of the insurance funds.

- Propose the appointment and dismissal of The General Director and Deputy General Directors of Viet Nam Social Security to The Prime Minister.

More details can be found in Decree No. 89/2020/ND-CP of Vietnam’s Government, which takes effect from September 20, 2020.

Le Vy

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