New Pension Eligibility
Voluntary social insurance participants will qualify for a lifetime pension once they reach the statutory retirement age and have contributed for at least 15 years.
The retirement age is gradually increasing, targeting 62 years for men and 60 years for women under normal working conditions (per the 2019 Labour Code).
As of 2025, retirement ages are 61 years 3 months for men and 56 years 8 months for women, rising incrementally each year since 2021.
Grandfather Clause
Those enrolled before 1 January 2021 who contributed for at least 20 years remain eligible to retire earlier, at 60 for men and 55 for women, unless they opt for the new retirement ages.
Maternity Benefit
Starting 1 July 2025, voluntary contributors will receive a maternity benefit of VND 2 million (~$76.80) per child or per fetal loss after 22 weeks, provided they contributed for at least six months within the prior 12 months.
Contribution Rate
The contribution rate for voluntary social insurance will be fixed at 22% of declared income used for pension and death fund contributions.
Participants can pay contributions periodically or in a lump sum.
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