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DEVELOPMENT OF INCOME SECURITY

In the process of Vietnam’s integration into the world economy and particular Vietnam became the mamber of the Worth trade Organization (WTO), economic risks will arise, people’s lives will be greatly affected, therefore, it is essential that social policies be adjusted in response to growth trend and pace of modernization. | SERIES: SOCIAL SECURITY EXTENSION INITATIVES IN EAST ASIA VIETNAM: DEVELOPMENT OF INCOME SECURITY ILO Subregional Office for East Asia Decent Work for All Asian Decent Work Decade SYNTHESIS PAPER ON THE DEVELOPMENT OF INCOME SECURITY IN VIETNAM (non-health area) Author: MPA. Tran Van Son Deputy Devision chief Ministry of Finance of Viet Nam INTRODUCTION In the process of Vietnam’s integration into the world economy and particular Vietnam became the mamber of the Worth trade Organization (WTO), economic risks will arise, people’s lives will be greatly affected, therefore, it is essential that social policies be adjusted in response to growth trend and pace of modernization. Also, it is recommended that impacts of current social security system be assessed and new opportunities for the development of existing policies be examined. It is time Vietnam invested in social security system which is modern and equitable. In a short period, Vietnam should operate a modern and comprehensive social security mechanism to help its people face with risks and avoid turning back to poverty. Main goal of this report is to present general development history, assess real situation and direct the trend for the Vietnamese income security. Its specific contents are as follows: - Analyzing real situation and responsive trend, based on that assessing the impacts of this trend on the demand for social security in Vietnam. - Presenting overview of social security system in Vietnam, including sphere of influence, participants and beneficiaries and opportunity to enjoy benefits from income security programs including allowance for children and households, unemployment benefit, social and old-age pension (such as pension for the disabled and survivors from accidents and natural disasters); financing and conditions to receive pension; guaranteed finance and measures for managing social insurance allowance. - Leading to conclusion and launching some initiatives on practicable approaches in .