The number of people withdrawing social insurance in a lump sum in Ho Chi Minh City will increase.

The number of workers withdrawing their insurance benefits in a lump sum in 2024 is projected to increase due to difficulties in securing orders in some manufacturing sectors, leading to job losses for many people.

This information was provided by Mr. Tran Dung Ha, Deputy Director of the Social Insurance (BHXH) of Ho Chi Minh City, at a regular press conference on January 11th. The forecast is based on the premise that in 2023, the city will have over 112,700 workers receiving one-time benefits, an increase of 3.9% compared to the same period, equivalent to 4,200 people.

"Based on our experience in handling lump-sum payments, we believe that the number of people withdrawing their payments in a lump sum will continue to increase in 2024 due to the ongoing difficulties," Mr. Ha said.

People waiting to withdraw their lump-sum social insurance benefits in Ho Chi Minh City, April 2023. Photo: Dinh Van — People waiting to withdraw their lump-sum social insurance benefits in Ho Chi Minh City, April 2023. Photo: *Dinh Van*

Currently, some industries such as textiles, footwear, and wood are still affected by the global economic downturn. A 2023 survey by the Ho Chi Minh City Center for Human Resource Demand Forecasting and Labor Market Information, conducted among 10,869 businesses with a total of nearly 253,000 employees, revealed that 1,450 businesses planned to reduce their workforce, accounting for over 13% of the surveyed businesses.

In 2023, the city had over 162,000 people receiving unemployment benefits, an increase of nearly 12% compared to the same period. After a year of unemployment without contributing to social insurance, many people, if they haven't found new jobs, will choose to withdraw their benefits in a lump sum.

For many years, Ho Chi Minh City has consistently led the country in the number of workers withdrawing social insurance benefits in a lump sum. According to the Ho Chi Minh City Social Insurance agency, the increase in lump-sum withdrawals last year was concentrated in areas with many industrial zones such as District 12, Thu Duc City, Hoc Mon District, and Binh Chanh District. At certain times, the social insurance agencies in these areas were overloaded.

To address this, the Ho Chi Minh City Social Insurance agency has increased personnel from the city to "hot spots," guided workers in submitting applications online, and had insurance officers work overtime on Saturdays to focus on receiving and processing lump-sum benefit applications. Currently, the situation of workers sleeping in hammocks and staying up all night to queue for insurance benefits has ceased.

"We will try to avoid congestion if the number of people withdrawing their insurance in a lump sum in 2024 increases dramatically," Mr. Ha said. Currently, the Ho Chi Minh City Social Insurance headquarters is open on Saturdays, ready to receive applications from workers.

Ho Chi Minh City's Social Insurance agency currently manages nearly 2.8 million people participating in compulsory and voluntary social insurance, over 8.7 million people with health insurance, and nearly 255,000 people receiving monthly pensions and social insurance benefits. In 2023, this agency processed social insurance and unemployment insurance benefits for over 1.4 million people.

Le Tuyet

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