Can a person retire more than 10 years earlier than the prescribed retirement age in Vietnam?

Can a person retire more than 10 years earlier than the prescribed retirement age in Vietnam?

Based on Clause 1 Article 5 of Decree 135/2020/ND-CP, there are provisions for early retirement (before the retirement age under ordinary working conditions) as follows:

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.

Therefore, according to the above regulations in Vietnam, one can only retire early by 5 years compared to the prescribed retirement age when working in the cases specified by the law as mentioned above. In this case, you have worked for 20 years in a hazardous and dangerous working environment but still cannot retire early by 10 years, only by 5 years compared to the prescribed retirement age.

Can a person retire more than 10 years earlier than the prescribed retirement age in Vietnam? (Image from the Internet)

What are the lowest retirement ages of employees in Vietnam?

Based on Clause 2 Article 5 of Decree 135/2020/ND-CP, lowest retirement ages of employees are stipulated as follows:

2. The lowest retirement ages of employees specified in clause 1 are specified as follows:

Male employees		Female employees
Retirement year	Lowest retirement age	Retirement year	Lowest retirement age
2021	55 years 3 months	2021	50 years 4 months
2022	55 years 6 months	2022	50 years 8 months
2023	55 years 9 months	2023	51 years
2024	56 years	2024	51 years 4 months
2025	56 years 3 months	2025	51 years 8 months
2026	56 years 6 months	2026	52 years
2027	56 years 9 months	2027	52 years 4 months
From 2028	57 years	2028	52 years 8 months
		2029	53 years
		2030	53 years 4 months
		2031	53 years 8 months
		2032	54 years
		2033	54 years 4 months
		2034	54 years 8 months
		From 2035	55 years

The month and year of birth of the employee corresponding to retirement age mentioned in this clause shall be determined as prescribed in Appendix II hereto appended.

Best Regards!