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4 clusters · 9 sources · 62 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.

Regarding the education sector, the Ministry of Home Affairs and the Ministry of Education and Training have addressed proposals from voters in Da Nang to lower the retirement age for teachers to 55 for women and 60 for men to protect health and improve teaching quality. Officials clarified that current laws, established via Resolution 28/2018 and the 2019 Labor Code, implement a gradual increase in retirement ages rather than immediate reductions. Under this framework, the retirement age increases by three months annually for men and four months annually for women.

By 2027, the retirement age for workers in normal conditions is scheduled to reach 61 years and 9 months for men and 57 years and 4 months for women. The long-term roadmap aims for 62 for men by 2028 and 60 for women by 2035. Under the 2024 Social Insurance Law, pension eligibility requires reaching the required age and having at least 15 years of compulsory social insurance contributions, a reduction from the previous 20-year mandate. Specific regulations allow certain educators or workers in heavy, toxic, or difficult socio-economic conditions to retire up to five years early, while highly skilled technical workers may retire up to five years later.

Entities

Vietnam · Ministry of Education and Training · Ministry of Home Affairs · Ho Chi Minh City University of Industry · Vu Chien Thang

Timeline

  1. [BUSINESS] 2 sources
    Vietnam retirement age roadmap for 2027

    Vietnam's retirement age will continue its phased increase in 2027, reaching 61 years 9 months for men and 57 years 4 months for women.

  2. [POLITICS] 2 sources
    Vietnam teacher retirement age adjustments for 2027

    Vietnam's 2027 retirement roadmap sets ages at 61y 9m for men and 57y 4m for women, with exceptions for teachers in difficult conditions or with reduced working capacity.

  3. [POLITICS] 5 sources
    Vietnam ministries respond to proposal to lower teacher retirement age

    Vietnamese 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.

  4. [POLITICS] 10 sources
    Vietnam considers lowering social pension age from 75 to 70

    Vietnam'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 · baohatinh.vn · baolaocai.vn · cafebiz.vn · cafef.vn · soha.vn · thanhnien.vn · tienphong.vn · tuoitre.vn

This summary has been updated 3 times: see revision history