Viet Nam - Report to the Government: "Actuarial valuation of the public pension scheme of the Vietnam Social Security Fund"

The ILO report “Actuarial valuation of the public pension scheme of the Vietnam Social Security Fund” was made as requested by the Vietnamese Government with the support from the MoLISA, Vietnam Social Security, Ministry of Finance and General Statistical Office.

According to the report, the Viet Nam pension scheme is under serious stress. The report underlines the need to push a reform to ensure the protection of workers. It would be urgent to improve enforcement so that employers and employees contribute according to real salaries. Furthermore, the reform should lead to a more equitable treatment between public officials, private employees and informal workers.