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[SITUATION] · [ACTIVE] · [POLITICS]
2 clusters · 5 sources · 30 days · First seen · Last updated
Vietnam social insurance and retirement age discussions
Overview
Vietnam is evaluating various adjustments to its social insurance and retirement frameworks. The Ministry of Home Affairs is researching a proposal to lower the social pension eligibility age from 75 to 70 years old. This potential amendment to the Law on Social Insurance aims to expand the social security net for approximately 16.5 million elderly citizens, though it would require an increased annual budget of roughly 11,680 to 11,700 billion VND.
Simultaneously, government ministries have addressed proposals regarding retirement ages within the education sector. In response to voter suggestions in Da Nang to lower the retirement age for teachers to 55 for women and 60 for men, the Ministry of Home Affairs and the Ministry of Education and Training emphasized the need to maintain the long-term sustainability of the social insurance fund. Officials noted that current laws, established via Resolution 28/2018 and the 2019 Labor Code, implement a gradual increase in retirement ages rather than immediate reductions.
Entities
Ministry of Home Affairs · Vu Chien Thang · Vietnam · National Assembly of Vietnam · Ho Chi Minh City
Timeline
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4 days ago
[POLITICS] 5 sourcesVietnam ministries respond to proposal to lower teacher retirement ageVietnamese ministries responded to proposals to lower the retirement age for teachers to 55 for women and 60 for men, citing existing social insurance laws and a gradual age increase roadmap.
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about 1 month ago
[POLITICS] 10 sourcesVietnam considers lowering social pension age from 75 to 70Vietnam's Ministry of Home Affairs is considering lowering the social pension age from 75 to 70, a move that could benefit 1.8 million more people but requires an annual budget increase of 11,680 billion VND.
Sources
baogialai.com.vn · cafebiz.vn · cafef.vn · tienphong.vn · tuoitre.vn