The retirement age for male and female workers will increase from 60 and 55 at present to 62 and 60 respectively in 2035 under the revised Labour Code that has been passed by the National Assembly.
Prime Minister Nguyen Xuan Phuc asked the Vietnam General Confederation of Labour (VGCL) to boost coordination with the Government to better ensure the legal and legitimate rights and interests of workers, at a working session with the VGCL Presidium in Hanoi on September 25.
The revised Labour Code is expected to be submitted to the National Assembly for approval this month. However, major changes to the law are still under discussion in an attempt to ensure gender equality and enhance the development of female workers.
The retirement system of Singapore takes the top spot amongst Asian countries and regions, and ranked seventh out of 37 retirement systems globally, according to the latest Melbourne Mercer Global Pension Index (MMGPI).
The retirement age for male and female workers will increase from 60 and 55 at present to 62 and 60 respectively in 2028 and 2035 under the revised Labour Code passed by the legislature on November 20