The billion-dollar factory only has 2 employees and owes nearly 9.5 billion VND in insurance

Nguyễn Hùng |

Quang Ninh - Quang Ninh Social Insurance has just publicized a list of units that owe health insurance, social insurance, and voluntary insurance for a long time.

In this list, there are many units that are regularly present in previous publications, with large and long-term insurance debts.

One of them is Cai Lan Hot Splat Steel Company Limited - the unit with Cai Lan Hot Splat Steel Plant, Bai Chay Ward, Quang Ninh Province.

According to Quang Ninh Provincial Social Insurance, as of July 31, the total insurance debt of Cai Lan Hot-Welding Steel plate Company Limited was more than 9.4 billion VND, with the debt of 165 months.

Also according to Quang Ninh Provincial Social Insurance, according to the registration, this factory currently has only 2 employees.

The Cai Lan hot-rolled steel plate rolling factory under Cai Lan Hot-rolled steel plate Company Limited (Shipbuilding Industry Corporation - SBIC) was built by Vinashin Group in 2003, with a total investment of more than VND3,000 billion on an area of 15 hectares located in Cai Lan Industrial Park.

According to the design, the factory has an initial capacity of 500,000 tons of products/year, an 8 tons/hour burning furnace, a rolling machine, a refrigerating floor, a length cutter, and an advanced Chinese technology grinder. However, this line has only been in operation once in 2010, issuing the first batch of steel and then stopping operations until now.

Also on the list of large and long-term insurance debts of Quang Ninh Social Insurance is FLC Ha Long Investment and Development Company Limited. As of July 31, 2025, this unit has 229 employees, owing more than 20.3 billion VND, with the number of months owed being 37 months.

Yen Hung Ceramic Construction Joint Stock Company owes more than 6.2 billion VND in insurance.

Quang Ninh Garment Company owes more than 3.7 billion VND, with the number of months owed being 22 months.

Bai Chay Bus Joint Stock Company owes more than VND 2.6 billion, with the number of months owed being 40 months.

Huong Tam One Member Co., Ltd. owes 1.5 billion VND, with the number of months owed being 8 months.

Cai Lan Shipbuilding Industry 1TV Company Limited owes more than 1.6 billion VND, with the number of months owed being 49 months.

According to Quang Ninh Social Insurance, the amount of late insurance payments of units across Quang Ninh province as of July 31, 2025 is about 219 billion VND, accounting for 2.3% of the total amount to be collected in 2025, 0.85% lower than the plan assigned by Vietnam Social Insurance in the third quarter of 2025.

Nguyễn Hùng
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