Vietnam: In 2024, what are the retirement ages? Under normal working conditions, who is allowed to early retire?

Main Content

• In 2024, what are the retirement ages in Vietnam?
• In 2024, what is the calculation of the retirement age by month and year of birth in Vietnam?
• What is the retirement age roadmap by month and year of birth of employees in Vietnam?
• Under normal working conditions, who is allowed to early retire in Vietnam?

In 2024, what are the retirement ages in Vietnam?

Under the provisions of Article 169 of the Labor Code 2019 on retirement ages in Vietnam as follows:

Retirement ages

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2. Retirement ages of employees in normal working conditions shall be gradually increased to 62 for males by 2028 and 60 for females in 2035.

From 2021, the retirement ages of employees in normal working conditions shall be 60 years 03 months for males and 55 years 04 months for females and shall increase by 03 months for males and 04 months for females after every year.

3. The retirement ages of employees who suffer from work capacity reduction; doing laborious, toxic or dangerous works; working in highly disadvantaged areas may be younger by up to 05 years than the retirement ages specified in Clause 2 of this Article, unless otherwise prescribed by law.

4. Retirement ages of skilled employees and employees in certain special cases may be older by up to 05 years than the retirement ages specified in Clause 2 of this Article, unless otherwise prescribed by law.

5. The Government shall elaborate this Article.

Thus, according to the above-mentioned regulations, in 2024, the retirement ages in Vietnam are determined as follows:

- Retirement age for females: 56 years and 04 months

- Retirement age for males: 61 years old

Accordingly, employees who satisfy the conditions on the time of payment of social insurance premiums by the law on social insurance are entitled to a pension when they reach full retirement age.

Note: The above retirement ages apply to employees working under normal working conditions.

In 2024, what is the calculation of the retirement age by month and year of birth in Vietnam?

- Calculate the retirement age 2024 by month and year of birth for females:

- Calculate the retirement age by month and year of birth for males:

Note: The above calculation of retirement age applies to employees working under normal working conditions.

What is the retirement age roadmap by month and year of birth of employees in Vietnam?

The retirement age roadmap by month and year of birth of employees in Vietnam is determined according to Appendix I promulgated together with Decree 135/2020/ND-CP as follows:

> View details of the retirement age roadmap by month and year of birth of employees in Vietnam Here.

Under normal working conditions, who is allowed to early retire in Vietnam?

Under Clause 1 Article 5 of Decree 135/2020/ND-CP as follows:

Early retirement (before the retirement age under ordinary working conditions)

Early retirement (before the retirement age under ordinary working conditions) as prescribed in clause 3 Article 169 of the Labor Code is specified as follows:

1. An employee, in any of the following circumstances, may retire at the age earlier but not exceeding 5 years before the statutory retirement age provided for in Article 4 hereof, determined until the retirement date, unless otherwise prescribed by law:

a) He/she has at least 15 years’ doing laborious, toxic and dangerous occupations or highly laborious, toxic and dangerous occupations on the lists of the Minister of Labor, War Invalids and Social Affairs.

b) He/she has at least 15 years’ working in highly disadvantaged areas, including the period he/she works in areas with the region-based allowance of at least 0.7 (allowance for those working in disadvantaged areas) before January 01, 2021 on the list of the Minister of Labor, War Invalids and Social Affairs.

c) His/her work capacity reduction is at least 61%.

d) He/she has at least total 15 years’ doing the occupations specified in point a and working in the areas specified in point b.

Accordingly, the above-mentioned entities may retire at the age earlier but not exceeding 5 years before the statutory retirement age when working in normal conditions.