Officially: Decree No. 135/2020/NĐ-CP on retirement age applied from January 01, 2021 in Vietnam

16:25, 23/11/2020

Recently, the Government of Vietnam has issued the Decree No. 135/2020/NĐ-CP on retirement age.

Officially: Increase the retirement age in Vietnam according to the roadmap by years from 2021

According to the Decree No. 135/2020/NĐ-CP of Vietnam’s Government, retirement ages of employees under ordinary working conditions as prescribed in clause 2 Article 169 of the Labor Code 2019 of Vietnam are specified as follows:

- 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;

- The roadmap to adjust the retirement ages of employees shall be done as follows:

Retirement year 2021: Retirement age for male employees is 60 years 3 months, for female employees is 55 years 4 months;
Retirement year 2022: Retirement age for male employees is 60 years 6 months, for female employees is 55 years 8 months;
Retirement year 2023: Retirement age for male employees is 60 years 9 months, for female employees is 56 years;
Retirement year 2024: Retirement age for male employees is 61 years, for female employees is 56 years 4 months;
…

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

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