Vietnam: Detailed guidance on the retirement age of employees year by year from January 01, 2021

09:10, 26/12/2020

From January 01, 2021, when the Decree No. 135/2020/NĐ-CP officially takes effect, the retirement age of employees will increase year by year. How will the retirement age of employees increase in accordance with Vietnam’s regulations?

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According to the provisions of Clause 2 Article 169 of the Labor Code 2019 of Vietnam specified in Article 4 of the Decree No. 135/2020/NĐ-CP, since January 01, 2021, the retirement age of employees under ordinary working conditions are 60 years 3 months for male employees and 55 years 4 months for female employees; and the age increases by 3 months for male employees each successive year until he reaches 62 in 2028 and increases by 4 months for female employees each successive year until she reaches 60 in 2035. To be specific:

- Retirement age of female employees under ordinary working conditions

2021	55 years 4 months
2022	55 years 8 months
2023	56 years
2024	56 years 4 months
2025	56 years 8 months
2026	57 years
2027	57 years 4 months
2028	57 years 8 months
2029	58 years
2030	58 years 4 months
2031	58 years 8 months
2032	59 years
2033	59 years 4 months
2034	59 years 8 months
From 2035 onwards	60 years

- Retirement age of male employees under ordinary working conditions

2021	60 years 3 months
2022	60 years 6 months
2023	60 years 9 months
2024	61 years
2025	61 years 3 months
2026	61 years 6 months
2027	61 years 9 months
From 2028 onwards	62 years

Thus, officially from 2021, the retirement age of male employees is 60 years 3 months (an increase of 3 months compared to the provisions of the Labor Code 2012), the retirement age of female employees is 55 years 4 months (an increase of 4 months compared to the provisions of the Labor Code 2012). However, this age will gradually increase according to the roadmap to 2028 and 2035.

View more details at the Decree No. 135/2020/NĐ-CP of Vietnam’s Government, effective from January 01, 2021.

Ty Na

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