Vietnam Social Insurance Law 2024 defines early retirement exemptions

Under the 2024 Social Insurance Law in Vietnam, specific groups of workers are eligible for early retirement without facing the standard 2% reduction in pension benefits for each year retired before the normal age. This exemption applies to those retiring due to reduced working capacity under specific conditions rather than voluntary early retirement.

The eligible groups include:

• Workers with at least 15 years of compulsory social insurance contributions who have performed heavy, toxic, or dangerous work. • Individuals with at least 15 years of work in regions with particularly difficult socio-economic conditions. • Workers with at least 15 years of experience in underground coal mining. • Individuals who contracted HIV/AIDS due to occupational accidents.

Additionally, the law provides tailored pension conditions for members of the armed forces, including officers and professional military personnel in the People's Army and the People's Public Security.