Vietnam.vn - Nền tảng quảng bá Việt Nam

Average pension: 6.2 million VND/month

Báo Dân tríBáo Dân trí11/01/2025

(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
[Video] Weather forecast for tonight and tomorrow, July 3, 2026: Tropical depression likely to strengthen into a storm tonight
[Video] Weather forecast for tonight and tomorrow, July 3, 2026: Tropical depression likely to strengthen into a storm tonightThe tropical depression in the East Sea is likely to strengthen into a typhoon within the next 24 hours, causing rough seas in many areas. On land, thunderstorms will continue in the North, Central, and South regions, with localized heavy rain.
Official increase in basic salary, pension, and social insurance benefits.
Official increase in basic salary, pension, and social insurance benefits.Social Security - From July 1, 2026, the policy on wages, pensions, and social insurance benefits will officially be applied.

"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.

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.
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.
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.
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

Trending by Category

Most Read

Google Trends

Same author

Heritage

Figure

Enterprise

News

Political System

Destination

Product

Happy Vietnam
Happiness in the mountains and forests

Happiness in the mountains and forests

The lagoon was abuzz with activity.

The lagoon was abuzz with activity.

Happiness in the highlands

Happiness in the highlands