Vietnam plans to raise retirement age to 62 for men and 60 for women

The retirement age in Vietnam is expected to increase to 62 for men and 60 for women under proposals put forward by the Ministry of Labour, Invalids and Social Affairs (MOLISA).

The current retirement age is 60 for men and 55 for women.

In the first option, the retirement age will be hiked to 60 years and 3 months for men and 55 years and 4 months for women starting from January 1, 2021. The retirement age then will rise by 3 months and 4 months each year for men and women, respectively, until it reaches 62 for men and 60 for women.

In the second option, the added months to the retirement age each year will be 4 for men and 6 for women.

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