Striking a Balance: Social Policy and Risk Management in Vietnam

Life requires balance, as Mr. Ba, a truck driver with over 20 years of experience navigating the roads of Vietnam, often says. This philosophy applies not just to driving but to society as a whole, especially when it comes to social policy and risk management.

Balancing Support and Challenge

Social policies act as a safety net, protecting citizens from life’s unexpected bumps. They’re like a truck’s suspension system, safeguarding cargo on rough roads. But just as overloading a truck damages its suspension, overly protective social policies can foster dependency and stifle individual initiative.

Conversely, policies that overemphasize challenges without adequate support leave citizens vulnerable to risks, like a truck without brakes careening down a hill.

Therefore, social policies must strike a balance between providing support for the vulnerable and encouraging self-reliance and personal growth. They need the wisdom of a seasoned truck driver like Mr. Ba, knowing when to accelerate and when to brake to ensure safety and progress.

Risk Management: A Complex Challenge

Mr. Nam, a transportation business owner in Hanoi, shakes his head when discussing risk. The transportation industry, he explains, faces constant uncertainties, from fluctuating fuel prices and road tolls to traffic accidents.

Social policies should act as a safety belt, mitigating the impact of risks on individuals and businesses. Examples include fuel subsidies during price hikes, health insurance for workers, and vocational training programs to help people adapt to a changing labor market.

Steering Towards a Stable Society

Building a stable society requires social policies that are informed by the needs and aspirations of the people. This necessitates the involvement of experts, policymakers, and, most importantly, the community itself.

As Professor Nguyen Van A, a social research expert, wrote in his book, “Social Policy in the Context of Integration”: “Building effective social policies is not just the responsibility of the government but a collective effort.”

Contact us at 0968239999 or email [email protected] for consultation on support policies for transportation businesses in Hanoi. We’re ready to partner with you on your journey to success!