Social Security in New Conditions: Some Theoretical and Practical Issues in Vietnam’s Focal Northern Economic Region

Abstract

Social security is an issue of evolution, adaptation, and promotion of socioeconomic development, in line with the new situation of the world. This article presents a comprehensive and systematic approach to social security through theoretical research and practical review. Based on the concept of human development, this article contributes the views on social security in the interaction with economic development when Vietnam is transitioning to a new stage of development. The article also analyzes the adverse effects of natural disasters and epidemics, which requires the formation of a Social Security Reserve Fund to proactively respond to contingencies and coordinate across regions. By empirical analysis based on data of the provinces of the Northern Focal Economic Region in the period 2015-2020, the study detects some signs of a multidimensional correlation between development and social security.