Morning news 7-7: Voluntary social insurance participants continue to receive support at the prescribed level

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People are advised on benefits such as pensions, health insurance, etc. when participating in voluntary social insurance - Photo: HA QUAN

Voluntary social insurance participants continue to receive support from July 1

News from Vietnam Social Security, the Ministry of Home Affairs has issued a circular guiding a number of articles of the Social Insurance Law 2024 on voluntary social insurance, effective from July 1, 2025.

Accordingly, the circular stipulates flexible methods of paying voluntary social insurance monthly, 3 months, 6 months, 12 months or one time for many years to come, as well as paying one time for the remaining time to be eligible for pension.

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GOLD PRICE UPDATE

Voluntary participants will continue to receive support from the state budget.

The specific support level is stipulated as 50% for poor households or ethnic minorities living in areas with particularly difficult socio -economic conditions; 40% for near-poor households and 20% for other subjects.

The maximum support period is 10 years (120 months). Voluntary social insurance participants are entitled to pension or one-time social insurance according to regulations.

The Circular also has transitional provisions for voluntary participants before January 1, 2021.

By the end of May 2025, the number of people participating in social insurance will be about 19.5 million, an increase of 12% over the same period in 2024. Of which, the number of mandatory participants will be more than 17.4 million people (an increase of nearly 9%) and the number of voluntary participants will be more than 2.1 million people (an increase of about 46%).

Foreign investors net buy stocks strongest in 2 years

According to data from Fiintrade, VN-Index has just experienced its third consecutive week of increase, accompanied by improved liquidity.

Specifically, VN-Index closed the 27th trading week of 2025 at 1,386.97 points, up 15.53 points or +1.13% compared to the end of last week, with liquidity increasing sharply (+15%) after two weeks of stagnation.

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Illustration

Securities is the industry that attracts cash flow with a sudden increase in liquidity (+55.8%) compared to last week. This is the industry with a strong recovery in cash flow from the 10-week low and is also the industry that recorded outstanding net buying from foreigners.

In terms of capitalization, liquidity improved in all three capitalization groups, of which the mid-cap VNMID group recorded a more positive improvement than the large-cap VN30 and small-cap groups.

By investor classification, foreign investors had the strongest net buying in 2 years (matched transaction value reached 5,695 billion VND), focusing on securities, banking, retail, food and beverage, real estate, information technology, industrial goods and services.

CV Securities fined for failure to submit money laundering related reports

The State Securities Commission Inspectorate has just issued Decision No. 140 on administrative sanctions against CV Securities Joint Stock Company headquartered in Ho Chi Minh City.

Accordingly, this securities company was fined VND92.5 million for not reporting information required to be reported according to law.

Specifically, CV Securities did not send reports on assessment results and updates on money laundering risks in 2023 and 2024 to the State Bank and ministries and state management agencies by sector.

This company also failed to report on time the following information and documents: List of securities practitioners in 2022, Information on signing a contract to open a specialized account with the Joint Stock Commercial Bank for Investment and Development of Vietnam - Ha Thanh branch.

Expected domestic news events from July 7 to 13

- July 7: Ministry of Public Security held a press conference on the situation and results of all aspects of public security work in the first 6 months of the year.

- 8-7: Scientific workshop "People's Procuracy in the new era"

- From July 9 to 13: In Hanoi, the 2nd "Taste of Peru" Culinary Week event

- From July 9 to 13: In Ho Chi Minh City, the international dance sport competition Vietnam Dancesport Festival 2025

- From July 9 to 18: In Dak Lak, Karate Championship of Strong Clubs 2025

- July 10: In Hanoi, Conference on implementing education promotion work in the new situation

- From July 10 to 19: In Lao Cai, 2025 National Youth Wushu Championship

- From July 13 to 26: Vietnam Summer Camp Program 2025.

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