On Nov. 22, 2024, VIE VSS issued plan to implement the Law of social insurance 2024, resolution No. 142/2024/QH15, and decisions No. 717/QD-TTg and No. 1370/QD-TTg.
7 key action areas of the implementation plan include establishing steering committee, conducting communication and education initiatives, providing specialized training.
Addressing specific provisions from res 142/2024/QH15, preparing legal documents, implementing tasks from dec no. 1370/QD-TTg, and updating operational workflows.
Clear timelines will be set, with regular monitoring and guidance to resolve challenges.
Document dated Nov. 22, 2024, received from VIE VSS Nov. 22, summarized Nov. 27.
In Dec. 2024, VIE LAB proposed new regulations on pensions, see #239219.
In Jan. 2025, VIE VSS proposed monthly social pension allowance, see #240703.
In Feb. 2025, VIE VSS revised rules regarding monthly survivor benefits, #242621.
In Feb. 2025, VIE VSS expanded maternity allowance for participants, see #244603.
In Apr. 2025, VIE VSS proposed rules re pension eligibility for individuals, #249299.
On May 27, VIE LAB reported on national assembly plenary session.
VIE LAB, VIE VSS reported on a plenary session of the national assembly, during which the contents of, opinions on, the revised draft Law on social insurance were debated.
Outlined key concerns, possible solutions and differing opinions on the draft law.
Follows May 22, 2024, VIE LAB report explaining the revised draft law, see #168975.
Key Concerns
VIE LAB said delegates expressed concern re pension issues after reform is enacted.
After Jul. 1, 2024, there will no longer be a base salary to use as a basis for adjusting salary paid for social insurance, to calculate pensions and social insurance benefits.
Discussions centered on the proposed reference level instead of the base salary as a basis for adjusting social insurance salaries; reference level to be based on CPI increase, economic growth, and per capacity of state budget and social insurance fund.
Also discussed reducing the minimum number of years of social insurance payment for participants to enjoy pensions from 25 to 15 years, specified in art 68 of the draft law.
Delegate recommended that the drafting committee should consider designing a shared pension calculation method to support those whose pensions are too low.
VIE VSS Comments
VIE VSS also reported details of the plenary session, noting that delegates agreed on the need to regulate acts of late payment and evasion of compulsory payments to serve as a basis for the authorities to consider and strictly handle violations.
Such regulation would contribute to protecting legitimate rights/interests of workers.
May 28, 2024 VIE LAB Highlighted Key Issues
On May 28, 2024, VIE LAB issued press release outlining the discussions which were undertaken at the plenary session detailed above, highlighted key issues debated.
In Jun. 2024, VIE LAB increased base salary, pension, social insurance, see #217140.
Jun. 29, 2024 Amendment Passed
On Jun. 29, 2024, VIE LAB said the amendment was passed by the VIE PRL.
Existing participants are minimally affected to ensure stability; amendments aim to align with international social insurance standards, adapt to rapidly aging population.
New participants will generally only qualify for one-time social insurance payments under specific circumstances, promoting sustained participation for long-term benefits.
Measures are in place in order to address late payments, evasion of mandatory social insurance, unemployment insurance violations, enhancing enforcement and oversight.
Jun. 29, 2024 VIE VSS Press Release
On Jun. 29, 2024, VIE VSS also issued press releases that the amended Law on social insurance was passed by the National Assembly, and will take effect from Jul. 1, 2025.
Jul. 7, 2024 Salary, Allowance Increase
On Jul. 7, 2024, VIE GVT announced that an increase in basic salaries and allowances would be implemented from Jul. 1, 2024, according to clause 1 article 6 of Decree 73.
At the same time, pensions, social insurance benefits, as well as monthly allowances for those receiving such benefits before 1975 will be increased as per Decree 75.
Jul. 24, 2024 VIE VSS Social Retirement
On Jul. 24, 2024, VIE VSS issued a press release on the new Law on social insurance.
Elaborated on multi-tier social insurance system, including social retirement benefits, mandatory and voluntary social insurance, supplementary retirement insurance.
Citizens aged 75 or higher without any pension or social insurance benefits are eligible.
Those aged 70-74 from poor or near-poor households, without pension or monthly social insurance benefits, will have to apply for the social retirement benefits.
The benefit amount is determined by the government based on economic conditions and budget capacity, with adjustments reviewed every three years.
Jul. 26, 2024 VIE VSS Full Text
On Jul. 26, 2024, VIE VSS published full text of the Law on social insurance.
Jul. 31, 2024 Highlights of Law
On Jul. 31, 2024, VIE LAB Deputy Director Nguyen Duy Cuong emphasized 14 new points of the amended Law on social insurance, at a VIE LAB press conference.
Spoke on multi-tier social insurance system; increasing the link between social pension and basic social insurance; expansion of participants; sickness and maternity benefits.
Reducing minimum years of social insurance payment to receive pension; encouraging employees to extend pension payout time instead of taking one-time social insurance.
Ensuring rights of Vietnamese workers overseas and foreign workers in Vietnam.
Improving investment efficiency of social insurance funds; additional retirement insurance; using reference level instead of base salary; strengthening compliance.
Aug. 15, 2024 VIE LAB Guidance
On Aug. 15, 2024, VIE LAB issued document publicizing the new Law on social insurance; gives a detailed explanation of background, objectives, scope and structure.
States the law enhances social security as per constitutional provisions; develops flexible, diverse, multi-tiered social insurance system, aligns with international standards.
Ensures a sustainable, fair, and equitable distribution of social insurance benefits.
Aug. 23, 2024 VIE VSS Conference
On Aug. 23, 2024, VIE VSS held a conference to engage in dialog, consultation, and address issues related to social insurance, health insurance, unemployment insurance.
Attended by over 200 delegates, including employees and employers from the area.
Employees were informed about the benefits of participating in social insurance, unemployment insurance, and health insurance and new provisions in the law.
VIE VSS said it will receive feedback from employees and employers regarding same.
Sep. 26, 2024 VIE VSS Comments
On Sep. 26, 2024, VIE VSS discussed some key features of Law on social insurance.
VIE VSS explained that benefits include encouraging employees to maintain the period of social insurance contributions in order to receive pension, consequently contributing to a reduction in the number of people withdrawing social insurance at one time.
Document dated Sep. 26, 2024, received from VIE VSS Sep. 27, summarized Oct. 2.
Oct. 9, 2024 VIE VSS Press Release
On Oct. 9, 2024, VIE VSS explained principles of the Law on social insurance 2024.
The law encourages development through tax incentives, emphasizes transparent fund management, defines contributions, benefits based on individual retirement accounts.
Fund operates independently from state budget, using contributions, investment return to pay benefits; VIE GVT oversees policy implementation, monitoring, compliance.
Oct. 15, 2024 VIE VSS Discussed Benefits
On Oct. 15, 2024, VIE VSS discussed benefits under the Law on social insurance 2024.
Including long-term sick leave, which employees can enjoy sick leave for a maximum of 30-70 days a year, with a benefit level equal to 75% of the salary for contributions.
Employees who are absent from work due to illness under the list of illnesses requiring long-term treatment will continue to enjoy sick leave but with a lower benefit level.
Conditions for maternity benefits including infertility treatment, miscarriage, stillbirth.
Document dated Oct. 15, 2024, received from VIE VSS Oct. 17, summarized Oct. 21.
Nov. 2024 VIE VSS Vietnam Social Insurance
On Nov. 22, 2024, VIE VSS issued plan to implement the Law of social insurance 2024, resolution No. 142/2024/QH15, and decisions No. 717/QD-TTg and No. 1370/QD-TTg.
7 key action areas of the implementation plan include establishing steering committee, conducting communication and education initiatives, providing specialized training.
Addressing specific provisions from res 142/2024/QH15, preparing legal documents, implementing tasks from dec no. 1370/QD-TTg, and updating operational workflows.
Clear timelines will be set, with regular monitoring and guidance to resolve challenges.
Document dated Nov. 22, 2024, received from VIE VSS Nov. 22, summarized Nov. 27.
In Dec. 2024, VIE LAB proposed new regulations on pensions, see #239219.
In Jan. 2025, VIE VSS proposed monthly social pension allowance, see #240703.
In Feb. 2025, VIE VSS revised rules regarding monthly survivor benefits, #242621.
In Feb. 2025, VIE VSS expanded maternity allowance for participants, see #244603.
In Apr. 2025, VIE VSS proposed rules re pension eligibility for individuals, #249299.
