[REVISION HISTORY]

Vietnam social insurance and retirement age discussions

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2026-10-18 02:01 UTC → 2026-10-31 07:31 UTC · added ~~removed~~

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.~~ men to protect health and improve teaching quality. Officials ~~emphasized~~ 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, noting that monthly pension eligibility must meet specific age and contribution criteria to ensure the long-term sustainability of the social insurance fund.~~ reductions. Under ~~the established roadmap,~~ this framework, the retirement age ~~for teachers working under normal conditions in 2027 will reach 61 years and 9~~ increases by three months annually for men and ~~57 years and 4~~ four months annually for women. Specific regulations allow certain educators to retire up to five years early, including those with 15 years of experience in heavy, toxic, or dangerous conditions, or those serving in areas with particularly difficult socio-economic conditions. Looking toward 2027 and beyond, By 2027, the ~~phased increase~~ retirement age for workers in normal conditions ~~continues under the 2019 Labor Code. By 2027, the retirement age~~ 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 ~~a retirement age of~~ 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.

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