News
Fixed pension amounts are too low
Vietnamese pensioners can enjoy the highest pension rate in the world, 75% of their social insurance payments. However, as the salaries used to calculate social insurance premiums are low, the actual pension they receive in retirement is small.The Vietnam Textile and Apparel Association (Vitas) has ...
MOLISA proposes 12.5 percent increase in pension and allowance
The Ministry of Labor, Invalids and Social Affairs (MOLISA) has suggested the Government increase pensions and social insurance benefits, and monthly allowances.In its draft decree submitted to the Government, the ministry suggested a 15.5 percent increase in pensions, social insurance benefits, and monthly, starting from ...
Pensions, social allowances expected to rise 15 percent from 2022
Eight groups of people will enjoy a 15 per cent rise in their pensions and social insurance allowances and monthly subventions from January 1, 2022, when a draft decree on the adjustments of these allowances is issued, according to the Ministry of Labour, Invalids and ...
