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| The VSS reported that total accumulated reserves across the social, health, and unemployment insurance funds now top VND 1.5 quadrillion__Photo: VNA |
The Vietnam Social Security (VSS) has vowed to sharpen the efficiency of social insurance fund management and use, as targeted by the Social Security Management Council.
It will also impose stricter financial discipline in fund management, while pursuing broader diversification of investment portfolios, as guided by the principle of “safety, sustainability, and efficiency”. This approach aims to secure strong liquidity for prompt benefit payouts and support growth in Vietnam’s capital markets and overall economy.
Last year, total revenues and expenditures of social, health, and unemployment insurance funds exceeded VND 1.1 quadrillion (USD 42 billion). Revenues beat the Government-assigned target by 5.9 percent.
The VSS reported that total accumulated reserves across the social, health, and unemployment insurance funds now top VND 1.5 quadrillion, making them one of Vietnam’s largest off-budget public financial vehicles and ensuring long-term capacity to meet benefit obligations.
For 2025, total disbursements from the funds amounted to VND 528.2 trillion, including nearly VND 342.4 trillion from the social insurance fund, over VND 19.4 trillion from unemployment insurance, and VND 166.4 trillion from health insurance.
According to VSS, fund management and use in 2025 remained tight and effective in line with regulations. Acting on the Finance Ministry’s directions to improve fund efficiency and stamp out misuse and fraud, the system ramped up risk monitoring, on-site inspections, and oversight. It also improved cost evaluations for health insurance-covered medical services to protect insured patients’ legitimate rights and prevent abuse and fraudulent claims, thereby optimising the health insurance fund.
Social insurance funds also serve as a major channel for capital mobilisation, primarily via government bond holdings. As of the late 2025, over 80 percent of total invested fund balances were directed toward government bonds.- (VNA/VLLF)
