Average pension: 6.2 million VND/month

(Dan Tri Newspaper) - Currently, the average pension in Vietnam is about 6.2 million VND/month, equivalent to 70% of the average per capita income.

Regarding the opinion that pensions in our country are low, Mr. Pham Truong Giang, Director of the Social Insurance Department, Ministry of Labor, Invalids and Social Affairs, said that currently, the average pension is 6.2 million VND per person.

According to the Director of the Social Insurance Department, international practice shows that pensions are compared to per capita income. In Vietnam, the average pension is approximately 70% of per capita income. Meanwhile, this ratio in other countries is commonly only around 30%.

You may also like

Live broadcast of the televised program "Glorious Name" commemorating the 50th anniversary of Saigon - Gia Dinh City being honored with the name of President Ho Chi Minh (July 2, 1976 – July 2, 2026).(HTV) - The program "Shining in His Name" was organized to commemorate the 50th anniversary of the day the city of Saigon - Gia Dinh was honored to be named after President Ho Chi Minh, featuring multiple locations, historical stories, art, and emotions.

Horoscope for the 12 zodiac signs on July 3, 2026: Libra and Capricorn experience a bright future.The daily horoscope for the 12 zodiac signs today, July 3, 2026, predicts that Libra and Capricorn will face a promising new day as their work progresses and their finances grow.

Is the Honda SH Mode, with its elegant design, surprising convenience, and super fuel efficiency, worth the money, especially for women?GĐXH - The Honda SH Mode impresses with its elegant design, smooth-running engine, numerous modern features, and outstanding fuel efficiency.

"Therefore, Vietnam's pensions are not low; it's just that a segment of workers who retired before 1995 have low pensions. This is because at that time, workers had short working periods and retired early," Mr. Giang explained.

According to statistics from the Vietnam Social Insurance, nearly 3.4 million people nationwide currently receive monthly retirement benefits and social insurance allowances.

From 1995 to the present, the National Assembly and the Government have adjusted pensions 24 times. After these adjustments, the current pension level for retirees has increased from 21 to 26 times compared to the pension level in 1995.

The most recent pension increase, effective July 1, 2024, under Decree 75/2024/ND-CP, saw a 15% increase. For those who retired before 1995, if their monthly pension remained below 3.5 million VND after the 15% increase, it would be adjusted upwards once more.

United States - Vietnam: Don't miss

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Specifically, the allowance will be increased by 300,000 VND/person/month for those receiving less than 3.2 million VND/person/month; and increased to 3.5 million VND/person/month for those receiving between 3.2 million VND/person/month and less than 3.5 million VND/person/month.

Source: https://dantri.com.vn/an-sinh/luong-huu-binh-quan-62-trieu-dongthang-20250111091726881.htm