JEFMS Journal

ABSTRACT:

The main objective of this study is to identify, evaluate and analyze the intention to withdraw lump-sum social insurance of participants in the suburban areas of Hanoi. Previous studies have examined the influence of factors on intention to withdraw or retire early. However, demographic characteristics have received little attention, especially for the workers in the industrial zones. Through a quantitative survey study using convenience sampling with a small survey including 238 employees and workers currently working in the suburban areas of Hanoi, Vietnam. This study uses tools statistics, Cronbach's alpha analysis, factor discovery analysis, and ANOVA analysis. Research results show no difference in intention to withdraw money in different gender groups, but age, working sector, time participating in social insurance contributions, and income all show differences. The research results suggest some implications for policy agencies in amending the legal provisions on social insurance to increase the coverage rate for the social insurance system in Vietnam in the current context.

KEYWORDS:

Intention, lump-sum withdrawal, social insurance

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