From July 1, 2025, which individuals in Vietnam are eligible for social retirement benefits?
From July 1, 2025, which individuals in Vietnam are eligible for social retirement benefits?
Pursuant to Article 21 of the Social Insurance Law 2024 on the subjects and conditions for receiving social retirement benefits:
Article 21. Subjects and conditions for social retirement benefits
- Vietnamese citizens are entitled to social retirement benefits when they meet the following conditions:
a) Aged 75 years or older;
b) Not receiving a monthly pension or social insurance benefits, except for other cases as stipulated by the Government of Vietnam;
c) Have a written request to receive social retirement benefits.
- Vietnamese citizens aged 70 to under 75 belonging to poor households, near-poor households, and satisfying the conditions specified at points b and c of clause 1 of this Article are entitled to social retirement benefits.
- The Standing Committee of the National Assembly decides to gradually reduce the age for receiving social retirement benefits based on the proposal of the Government of Vietnam in accordance with the conditions of socio-economic development and the capacity of the state budget at each period.
- The Government of Vietnam stipulates in detail clause 2 of this Article.
Thus, from July 1, 2025, Vietnamese citizens are eligible for social retirement benefits when they meet the following conditions:
- Aged 75 years or older
- Not receiving a monthly pension or social insurance benefits, except for other cases as stipulated by the Government of Vietnam
- Have a written request to receive social retirement benefits
Additionally, Vietnamese citizens aged 70 to under 75 belonging to poor households, near-poor households, and meeting the following conditions are entitled to social retirement benefits:
- Not receiving a monthly pension or social insurance benefits, except for other cases as stipulated by the Government of Vietnam
- Have a written request to receive social retirement benefits
From July 1, 2025, which individuals in Vietnam are eligible for social retirement benefits? (Image from the Internet)
What are the policies regarding social retirement benefits in Vietnam?
Based on Article 4 of the Social Insurance Law 2024 on the types and social insurance benefits:
Article 4. Types and social insurance benefits
1. Social retirement benefits include the following policies:
a) Monthly social retirement benefits;
b) Funeral cost support;
c) Health insurance paid by the state budget.
- Mandatory social insurance includes the following policies:
a) Sickness;
b) Maternity;
c) Retirement;
d) Survivorship;
e) Occupational accident and disease insurance as regulated by the Law on Occupational Safety and Health.
- Voluntary social insurance includes the following policies:
a) Maternity benefits;
b) Retirement;
c) Survivorship;
d) Occupational accident insurance as regulated by the Law on Occupational Safety and Health.
- Unemployment insurance as regulated by the Employment Law.
- Supplemental retirement insurance.
According to the above provisions, social retirement benefits include the following policies:
- Monthly social retirement benefits
- Funeral cost support
- Health insurance paid by the state budget
What is the monthly amount of social retirement benefits in Vietnam?
Based on Article 22 of the Social Insurance Law 2024 on the policies, procedures, and implementation sequence of social retirement benefits:
Article 22. Policies, procedures, and implementation sequence of social retirement benefits
- The monthly social retirement benefit amount is determined by the Government of Vietnam in accordance with socio-economic development conditions and the capacity of the state budget at each period. Every 3 years, the Government of Vietnam reviews and considers adjusting the social retirement benefit amount.
Depending on the socio-economic conditions, the ability to balance the budget, and mobilize social resources, the provincial People's Committee submits to the People's Council at the same level to decide on additional support for those receiving social retirement benefits.
- In cases where the subjects stipulated in Article 21 of this Law simultaneously belong to other categories that receive monthly social welfare benefits, they are entitled to the higher benefit policy.
- Persons receiving monthly social retirement benefits have their health insurance paid by the state budget in accordance with the law on health insurance, and when they die, the organization or individual responsible for conducting the funeral is entitled to funeral cost support in accordance with the law on the elderly.
- The Government of Vietnam stipulates the procedures and implementation sequence for social retirement benefits.
According to the above provisions, the monthly social retirement benefit amount is determined by the Government of Vietnam in accordance with socio-economic development conditions and the capacity of the state budget at each period. Every 3 years, the Government of Vietnam reviews and considers adjusting the social retirement benefit amount.
The Social Insurance Law 2024 takes effect from July 1, 2025.
