Nearly 100 Businesses in HCMC Owe 900 Billion VND in Social Insurance

Ho Chi Minh City's Social Insurance Agency has revealed a concerning list of 100 businesses that are significantly behind on their social insurance payments, with debts totaling nearly 900 billion VND as of March 31. This situation highlights a persistent issue where companies are failing to meet their obligations to employees, with some owing tens of billions of dong. Hoa Binh Construction Group stands out with the largest overdue amount, nearing 68 billion VND, followed by Saigon Postel Services Corporation and Global Experience Joint Stock Company.

The failure of these businesses to pay social insurance not only violates legal requirements but also directly impacts thousands of workers. These employees are facing difficulties accessing essential benefits such as maternity leave and unemployment insurance. While the Social Insurance Agency has made numerous attempts to urge and inspect these companies, many continue to neglect their responsibilities.

The agency attributes the delays to financial difficulties faced by some businesses, exacerbated by the current economic climate. However, it also acknowledges that some companies deliberately delay payments despite having the financial capacity to do so. To address this, the agency plans to intensify inspections and enforce regulations, including those stipulated in Decree 274/2025/ND-CP, which details penalties for late and fraudulent payment of social insurance and unemployment insurance. The new decree, effective November 30, 2025, will impose a daily interest rate of 0.03% on overdue amounts and outlines stricter measures for persistent non-compliance, potentially leading to administrative fines or even criminal charges.

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The Social Insurance Agency of Ho Chi Minh City will continue to strengthen inspections and handle violations according to regulations for businesses that are late in payment or evade social insurance contributions to ensure the rights of employees.