Hanoi: 500 firms publicized social insurance debts amounting to over US$50 million

To boost the collection of social insurance debt, Ha Noi City Social Insurance has announced the list of 500 enterprises with social insurance debts as June 30, 2017.

The total of 500 enterprises’ social insurance debts were over VND1,167 billion (roughly US$51.2 million) with 20,140 employees.

In the published list, many enterprises have huge social insurance debts up to several billions for many years.

In terms of debt duration, enterprises with social insurance debts over 100 months can be mentioned such as: LISOHAKA Joint-Stock with the 115-month debt in the amount of VND4.5 billion (roughly to US$200,000) and 116-Cienco1 Joint Stock Company with the 108-month debt in the amount of VND15.1 billion (equivalent to US$664,000)

In term of debt amount, up to 18 enterprises have the social insurance debts in the amount of VND10 billion and 46 enterprises have the social insurance debts of VND5 billion. Lilama Joint-Stock Company is the top one with a 54-month social insurance debt in the amount of VND26.9 million (equivalent to US$1.2 million).

According to representative from Ha Noi City Social Insurance, measures to collect debts have been drastically implemented; however, social and health insurance debts remain high. 

Specifically, by the end of March 2017, the total of social, health insurance, unemployment insurance debts in Ha Noi were over VND3,166 billion (approximate to US$150 million).