Comrade Ho Duc Phoc was appointed Chairman of the Board of Directors of Vietnam Social Security.

Minister of Finance Ho Duc Phoc concurrently holds the position of Chairman of the Board of Directors of Vietnam Social Security.Photo: Pham Kha/VNA

Specifically, in Decision No. 767/QD-TTg, the Prime Minister appointed comrade Ho Duc Phoc, Minister of Finance, concurrently Chairman of the Board of Directors of Vietnam Social Security, to replace comrade Dinh Tien Dung (former Minister of Finance) who was assigned to hold the position of Secretary of the Hanoi Party Committee.

At the same time, in Decision No. 769/QD-TTg, the Prime Minister appointed Comrade Nguyen The Manh, General Director of Vietnam Social Security, to hold the position of Permanent Vice Chairman of the Management Council of Vietnam Social Security, replacing Comrade Nguyen Thi Minh (former General Director of Vietnam Social Security) who has retired.

According to current regulations, the Vietnam Social Security Management Board assists the Government and the Prime Minister in directing and supervising the activities of Vietnam Social Security and providing advice on social insurance, unemployment insurance, and health insurance policies. The Management Board includes representatives of the Ministry of Labor, War Invalids and Social Affairs, the Ministry of Health, the Ministry of Finance, the Ministry of Home Affairs, the Vietnam General Confederation of Labor, the Vietnam Chamber of Commerce and Industry, the Vietnam Cooperative Alliance, the Vietnam Farmers' Association, the General Director of Vietnam Social Security, and other members as prescribed by the Government.

The Vietnam Social Security Management Board has a Chairman, Vice Chairmen and Members appointed, dismissed and removed by the Prime Minister at the proposal of the Minister of Home Affairs; the term of office of a member of the Management Board is 5 years./.