Analysis of the Current Situation and Recommendations on Expanding Voluntary Social Insurance Coverage for Informal Workers in Vietnam

Vietnam is a country with a high rate of informal labor compared to other countries in the world. However, only a very small proportion of informal workers participate in voluntary social insurance. Expanding voluntary social insurance coverage is one of the important goals in social security policies in Vietnam. In this article, the author used a combination of data collection methods from secondary data sources, statistical analysis methods, synthesis, comparison, contrast and systematic approach. By doing so, the author has clarified the theoretical basis for expanding voluntary social insurance coverage, and the current status of voluntary social insurance coverage according to law and actual coverage in Vietnam. In order to increase opportunities for informal workers to access voluntary social insurance and expand voluntary social insurance coverage, based on research results, the author proposes recommendations on solutions: (i) perfecting the voluntary social insurance policy; (ii) reforming administrative procedures, strengthening communication and propaganda about voluntary social insurance; (iii) promote sustainable employment and strengthen the social and economic position of informal workers.