Hanoi: From January 01, 2021: Increase the applicable retirement age in Vietnam by at least 3 months

20:44, 10/07/2024

The Government of Vietnam is drafting a Decree stipulating the retirement age and eligibility requirements for receiving a pension.

From January 01, 2021: Increase the applicable retirement age in Vietnam by at least 3 months - Illustration

According to Article 3 of the Draft Decree regulating the retirement age and eligibility requirements for receiving a pension, the retirement age for employees under normal working conditions is adjusted incrementally. From 2021, the retirement age for employees under normal working conditions will be 60 years 03 months for males and 55 years 04 months for females. Thereafter, the retirement age will increase by 03 months per year for males until it reaches 62 years old in 2028, and by 04 months per year for females until it reaches 60 years old in 2035.

The schedule for adjusting the retirement age of employees as stipulated above is implemented according to the table below:

Male employees				Female employees
Year in which the retirement age is reached	Retirement age	Year of birth	Year in which the retirement age is reached	Retirement age	Year of birth
2021	60 years and 3 months	From January 1961 to September 1961	2021	55 years and 4 months	From January 1966 to August 1966
2022	60 years and 6 months	From October 1961 to June 1962	2022	55 years and 8 months	From September 1966 to April 1967
2023	60 years and 9 months	From July 1962 to March 1963	2023	56 years old	From May 1967 to December 1967
2024	61 years old	From April 1963 to December 1963	2024	56 years and 4 months	From January 1968 to August 1968
2025	61 years and 3 months	From January 1964 to September 1964	2025	56 years and 8 months	From September 1968 to May 1969
2026	61 years and 6 months	From October 1964 to June 1965	2026	57 years old	From June 1969 to December 1969
2027	61 years and 9 months	From July 1965 to March 1966	2027	57 years and 4 months	From January 1970 to August 1970
2028	62 years old	From April 1966 onwards	2028	57 years 8 months	From September 1970 to April 1971
			2029	58 years old	From May 1971 to December 1971
			2030	58 years and 4 months	From January 1972 to August 1972
			2031	58 years 8 months	From September 1972 to April 1973
			2032	59 years old	From May 1973 to December 1973
			2033	59 years and 4 months	From January 1974 to August 1974
			2034	59 years and 8 months	From September 1974 to April 1975
			2035	60 years old	From May 1975 onwards

More details may be found in Draft Decree regulating the retirement age and eligibility requirements for receiving a pension in Vietnam.

Le Vy

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