International Journal of Advanced Multidisciplinary Research and Studies
Volume 3, Issue 3, 2023
Attitude to Voluntary Social Insurance Participation of Labor in the Informal Sector and Policy Implications for Vietnam
Author(s): Thi Thu Ha Bui, Thi Mai Mai
Voluntary social insurance is a type of social insurance in which employees voluntarily participate and can choose a payment rate and payment method suitable to their income to enjoy social insurance benefits based on the general regulations of the state. Accordingly, this policy is an additional form of compulsory social insurance under the condition that mandatory social insurance for all employees has yet to be implemented. This is an opportunity for employees to have an additional method of financial security against risks and incidents in life. This study explores attitudes towards voluntary social insurance based on a survey of workers in the informal sector in Hanoi. However, the implementation results show that the number of people participating in voluntary social insurance has increased rapidly but still needs to be commensurate with the potential. Accordingly, giving suggestions for solutions to change attitudes would promote the intention and behavior of employees to take part in social insurance in this area, contributing to ensuring social security.
Keywords: Attitude, Voluntary Social Insurance Participation, Informal Sector, Vietnam
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