Vietnam: Increase in Retirement Age

April 12, 2021
1 min read
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From 1 January 2021, the retirement age is 60 years and 3 months for males and 55 years and 4 months for females for employees working in normal conditions.

Each subsequent year the male retirement age will increase by 3 months until 2028 when it reaches 62. And for females, the retirement age will increase 4 months up to a retirement age of 60 in 2035.

The retirement age can be a maximum of 5 years lower than the above if an employee falls into one of these categories:

  • the employee has completed 15 years or more of performing heavy, or extremely heavy hazardous, or dangerous work
  • the employee has worked for 15 years or more in areas with extreme socio-economic difficulties, including working periods in areas with a region-based allowance coefficient of 0.7 or higher before 1 January 2021
  • the employee suffers a working capacity decrease of 61% or more
  • the employee has completed 15 years of service or more, comprising the period of performing the job as described in both items (i) and (ii) above.

In addition, employees performing mining jobs in coal pits can retire a maximum of 10 years earlier than employees working in normal conditions. Decree No. 135 also provides the relevant list of mining jobs in coal pits.

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