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Vietnam will continue to increase the retirement age from January 1, 2022 in line with the Labour Code 2019.

The International Labour Organisation (ILO) has welcomed the new rights of workers and employers in Vietnam from January 1 as the revised Labour Code adopted in 2019 takes effect.

Some special occupations including preschool teachers should be allowed to retire earlier than the age set in the Labour Code, said Trinh Thanh Hang, head of the department for woman affairs of the Vietnam General Confederation of Labour (VGCL).

The Presidential Office held a press conference in Hanoi on December 16 to announce the President’s order on the laws adopted at the recent eighth session of the 14th-tenure National Assembly.

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.

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

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.

Singapore will gradually raise retirement age by three years to 65, Singaporean Prime Minister Lee Hsien Loong said on August 18 in his speech on the country’s National Day.

The revised Labour Code will be the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep has shared foreign nations’ experiences in keeping elderly employees to work in schools factories, and even leadership positions.

During the ongoing seventh session of the 14th National Assembly (NA), deputies on May 29 discussed the draft amended Labour Law which has been attracting public concern in recent times.

Raising retirement age adjustment needs a long-term vision and roadmap suitable for economic growth, dealing with employment and unemployment and not causing negative impacts to the labour market.

The draft revision of the Labour Code puts forth two scenarios for increasing retirement age to 60 for women and 62 for men.

The retirement age will be officially increased as from 2021. The draft revised Labour Code is proposing two plans on the hike with roadmap lasting for 15 or 10 years.

A fact-finding trip and a seminar on gender equality were held in Ho Chi Minh City on March 5 by the Institute of Studies on Society, Economy and Environment (iSEE).

Prime Minister Nguyen Xuan Phuc had a meeting with Thua Thien-Hue authorities on January 6 to review the central province’s socio-economic performance in 2018, development plan for 2019.

The retirement age for male and female workers could increase from 60 and 55 at present to 62 and 60 respectively from 2021, according to the Ministry of Labour, Invalids and Social Affairs (MOLISA).

Economic growth and job creation must be taken into consideration when it comes to adjusting retirement age, Deputy Prime Minister Vuong Dinh Hue told lawmakers during a question-and-answer session on June 6 as part of the 14th National Assembly’s ongoing fifth session in Hanoi.

Nuno Cunha, ILO senior specialist on social security, has stressed the need for Vietnam to increase retirement age in an interview granted to Vietnam media regarding a recent proposal to increase the retirement age of Vietnamese labourers.

The draft plan on reforming social insurance policy received much support from members of the 12th-tenure Party Central Committee (PCC) when it was discussed at the fourth working day of the committee’s 7th plenary session on May 10.