The retirement age for male and female workers will increase from 60 and 55 at present to 62 and 60 respectively in 2035 under the revised Labour Code that was passed by National Assembly deputies on November 20.
Policymakers amending the Labor Code want to lift the retirement age but a survey has found that 50.7 percent of polled workers oppose the idea.
Textile companies have rejected the proposal to raise employees’ retirement ages, saying most women workers suffer from huge workloads.
A fact-finding trip and a seminar on gender equality were held in Ho Chi Minh City on March 5 by the Institute of Studies on Society, Economy and Environment (iSEE).
The retirement age for male and female workers could increase from 60 and 55 at present to 62 and 60 respectively from 2021, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).
State agencies removed 39,823 officials from the pay list from 2015 to August 2018, according to the Ministry of Home Affairs’ spokesperson Vu Dang Minh.
Economic growth and job creation must be taken into consideration when it comes to adjusting retirement age, Deputy Prime Minister Vuong Dinh Hue told lawmakers during a question-and-answer session on June 6 as part of the 14th National Assembly’s ongoing fifth session in Hanoi.
Under the pressure of a rapidly aging population and dwindling social welfare funds, Vietnam is planning to raise the existing retirement ages for both men and women to mitigate the economic impacts of these issues.
Nuno Cunha, ILO senior specialist on social security, has stressed the need for Vietnam to increase retirement age in an interview granted to Vietnam media regarding a recent proposal to increase the retirement age of Vietnamese labourers.
The Ministry of Labour, Invalids and Social Affairs has come up with two scenarios for increasing retirement age to 60 for women and 62 for men; or 60 for women and 65 for men.
The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60, respectively, beginning in January 2021, the Ministry of Labor, Invalids and Social Affairs (MOLISA) proposed.
The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60 respectively, the labor ministry said in a new proposal.
A proposal that the retirement age be raised in the amended Labor Law will be submitted to the National Assembly (NA) in 2017, according to Deputy Minister of Labor, Invalids and Social Affairs Pham Minh Huan.
The Ministry of Labour, Invalids and Social Affairs has included a provision to raise the retirement age in the draft amendments of the Labour Law.
The overall health of retirees has improved and so retirement ages should be raised, Deputy Minister of Labor, Ward Invalids and Social Affairs Nguyen Trong Dam has said.
Few migrant workers in the informal sector have proper understanding about their rights in host localities and how to exercise those rights, particularly those relating to social welfare, chairwoman of Hanoi’s Women Union Tran Thi Phuong Hoa said.
(VOV) -ILO suggests that the Vietnam Social Security Fund could start having deficits by 2021 and experience depletion by 2034 if no reforms are made.