Vietnam lifts pension allowances in five provinces, up to 700,000 VND

Vietnam pension increase social insurance retirement age Hai Phong

Five Vietnamese provinces and municipalities – Hanoi and Ho Chi Minh City (650,000 VND), Hai Phong and Quảng Ninh (700,000 VND, the highest nationwide), and Tuyên Quang (530,000 VND) – have raised their monthly social pension benefits.

The Ministry of Interior reports that about 2.5 million people now receive social pensions, costing the state budget roughly 7,000 trillion VND. In 2025, more than 175,700 retirees were processed, a 93 % jump from the previous year, driven largely by early‑retirement provisions. A draft amendment to the Social Insurance Law proposes lowering the eligibility age for the pension benefit from 75 to 70 years and revises the rounding of contribution periods to improve fairness.

These measures aim to better support older citizens with limited means and to align the pension system with Vietnam’s socioeconomic development and fiscal balance.