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Fund for social insurance to be bolstered

Efforts are gearing towards improving the relevant regulatory system for social insurance fund efficiency, further fostering economic development as well as social wellbeing. ....

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Bao Viet Life Corporation works for and contributes to the community

Bao Viet Life Corporation has organised many social activities, including the For a beautiful Vietnam initiative. ....

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Long-term sustainability for Vietnam's social wellbeing

At the next meeting of the National Assembly next month, the Law on Social Insurance will come up for a crucial review. This presents a golden opportunity to update the law to allow for more productive and efficient investments by the Vietnam Social Security Fund (VSS). ....

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Vietnam gets its first private defined contribution plan

Vietnam gets its first private defined contribution plan
Dominic Scriven, executive chairman and co-founder of Dragon Capital VietFund Management
Dragon Capital VietFund Management, a Ho Chi Minh-based money management firm, has launched Vietnam s first private sector retirement savings vehicle.
The defined contribution plan, with government tax incentives for employees and employers alike, offers savers three fund options a relatively high-risk 50-50 split between equities and bonds, a 65% bond-35% stock mix and a conservative 80% bond-20% stock mix.
Savings can be withdrawn tax-free upon reaching retirement age, currently 62 for men and 60 for woman.
Life insurers in Vietnam have had some success selling savings products in recent years but those heavily regulated offerings invest almost exclusively in government securities, Dominic Scriven, executive chairman and co-founder of Dragon Capital VietFund Management, said in an interview. ....

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