Farmers and workers in the informal sector are often reluctant to buy voluntary social insurance because they do not understand its benefits and lack knowledge about the programme, according to the Vietnam Social Security.
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).
Choi Young-sook, a Korean woman in her 60s with a doctorate degree in audiology, has been dedicating her time to students with disabilities in Da Lat city in the Central Highland province of Lam Dong.
An estimated 64 percent of foreign workers in Vietnam have joined compulsory social insurance after the Government’s decree 143/2018/ND-CP regulating compulsory social insurance for foreign workers took effect.
Retired government officials will not be allowed to found, own or run private companies in areas under the jurisdiction and management of their former posts for at least six months after retirement, heard a conference in Hanoi on March 27.
