Many NA deputies have expressed worries as a result of the Vietnam Social Insurance Agency using 70% of their funds for loans to credit institutions and concerns about default mount.
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Vietnam Social Insurance also lent VND2.2 trillion to the investors of Lai Chau hydropower project in 2012.
In addition, the pension fund is forecast to be emptied between 2023 and 2024.
Currently the number of people who see a gross profit from compulsory insurance is about twice that of people who pay in.
Bui Sy Loi, Deputy Director of the NA's Social Affairs Committee said as of late 2011, Agribank's Financial Leasing Company II still owed VND1 trillion and that there were difficulties in retrieving this debt.
Truong Thi Mai, Chairwoman of the NA’s Committee for Social Affairs, said that authorities have a responsibility to keep the pension fund safe because it is money contributed by workers.
Many have suggested that Vietnam Social Insurance should reconsider their policies for loans and investments, as many of their choices appear to have been dubious.
"We've learned a lesson that even big credit institutions have solvency problems." Mai said, adding that, "It is important for the management board to remain responsible in their investment decisions."
