Labour market growth an opportunity for improving social welfare

HÀ NỘI — The capital city’s labour market has seen positive developments after the Tết (Lunar New Year) holiday, presenting a ‘golden opportunity’ for the sustainable development and expansion of the social insurance system. Meanwhile, last year also saw approximately 203,000 people finding new employment, an increase of 13 per cent compared to 2021. The growth in the labour market also translated to a rise in the number of people signing up for social insurance. These programmes will provide them with financial support during difficult times, while also minimising cases in which they leave the social insurance system. Maintaining the number of people participating in social insurance is also included in the socio-economic development plans of localities.