Hanoi, Jan. 24 -- The Vietnam Social Security (VSS) has vowed to sharpen the efficiency of social insurance fund management and use, as targeted by the Social Security Management Council.

It will also impose stricter financial discipline in fund management, while pursuing broader diversification of investment portfolios, as guided by the principle of "safety, sustainability, and efficiency". This approach aims to secure strong liquidity for prompt benefit payouts and support growth in Vietnam's capital markets and overall economy.

Last year, total revenues and expenditures of social, health, and unemployment insurance funds exceeded 1.1 quadrillion VND (42 billion USD). Revenues beat the Government-assigned target by 5.9%.

The VSS repo...