55,000 HCMC residents get unemployment benefits
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More than 55,000 people in Ho Chi Minh City have received unemployment benefits totaling VND324 billion (US$15.5 million) in the first six months of this year, said the HCMC Social Insurance agency.
The photo is for illustration only. 55,000 residents in HCMC got unemployment benefit in the first half of 2012 Photo: Internet
They were among the more than 75,000 people who registered their unemployment status during this period, the local Department of Labor, War Invalids and Socials reported.
Compared to the same period last year, the number of jobless people nearly doubled, while the benefit payment increased by 93.5 percent, the agency said.
With such figures, the city led the country in the payment of unemployment benefits in the January-June period.
The main reason for this situation is that many businesses have gone bankrupt or narrowed their operation due to economic difficulties.
The city now has more than 1.5 million people covered by unemployment insurance, and they have paid a total premium of VND610 billion ($29.3 million).
It is expected that the number of people registered for unemployment in HCMC this year will rise by 10-15 percent from the 106,000 people who did so last year.
Last year, HCMC accounted for as much as 30 percent of the country’s total unemployment. It was followed by Binh Duong and Dong Nai Provinces, the Employment Department under the Ministry of Labor, War Invalids and Socials reported.
The number of people registering an unemployed status nationwide in 2011 was 335,000 more than in 2010, or an increase of 77 percent, the department said.