More than 1,000 firms are owing social insurances in Quang Ngai
By the end of March, over 1,000 firms owe months of social, health and unemployment insurance payments in Quang Ngai valued at VND179bn (USD7.7m).
However, firms still owed VND179bn in insurance fees. More than 1,000 firms owe insurance for over three months or VND121bn (USD5.2m) in insurance. 212 firms owe 12 months of insurance for VND66.8bn. VND30.45bn of bad debts have been reported by 272 firms.
According to Sinh, the number of insurance participants dropped by 2% compared to late 2020. Because of Covid-19, firms that specialised in footwear, textiles, woodworking and electronic components have seen delayed orders. As a result, they have to lay off staff and down-size businesses.
The insurance debts are on the rise. The total debt was VND42bn (USD1.8m) higher than the debt in late 2020.
Social Insurance Quang Ngai has worked with the Taxation Department and the Department of Planning and Investment to review the situation and classify the firms based on their situation.
Afterwards, the authorities will start collecting debts and adopt measures to prevent more debts.
illustrative image
However, firms still owed VND179bn in insurance fees. More than 1,000 firms owe insurance for over three months or VND121bn (USD5.2m) in insurance. 212 firms owe 12 months of insurance for VND66.8bn. VND30.45bn of bad debts have been reported by 272 firms.
According to Sinh, the number of insurance participants dropped by 2% compared to late 2020. Because of Covid-19, firms that specialised in footwear, textiles, woodworking and electronic components have seen delayed orders. As a result, they have to lay off staff and down-size businesses.
The insurance debts are on the rise. The total debt was VND42bn (USD1.8m) higher than the debt in late 2020.
Social Insurance Quang Ngai has worked with the Taxation Department and the Department of Planning and Investment to review the situation and classify the firms based on their situation.
Afterwards, the authorities will start collecting debts and adopt measures to prevent more debts.
Leave your comment on this story