An old woman sells bread on Ha Noi's Nguyen Thai Hoc Street. About 62 per cent of Viet Nam's elderly do not have pension or social welfare assistance. — VNS Photo Viet Thanh HA NOI (VNS) — About 95 per cent of Vietnamese labourers are worried about poverty and having insufficient funds once retired, according to a recent survey by the Global Aging Institute (GAI) in collaboration with Prudential Corporation Asia. The survey, dubbed "From Challenge to Opportunity", unveiled its findings from a major study on retirement attitudes and expectations in 10 countries in East Asia. Tran Thi Thuy Nga, head of the Social Insurance Department of the Ministry of Labour, Invalids and Social Affairs, said about 62 per cent of elderly people in Viet Nam do not have pension or social welfare assistance. "This means that the coverage of pension with the elderly has not been improved much, especially when the population ageing rate of Viet Nam is increasing," Nga said. Statistics from … [Read more...] about Workers unsure of future after retirement: survey
Retirement living options
Your say (28-11-2008) A woman’s work is never done, but at what age should she retire? Last week, Viet Nam News asked its readers for their opinions on the average retirement age for women. Should it be 50, 55-60 or over 60? Here are some responses: Lawry Beetinyeo, Singaporean, HCM City: There has been a common saying that ‘a woman’s place is at home’ and this is still being said today. I do not know how many women would agree to it nowadays. Today, women have equal opportunities to receive a higher education if they are keen and their family can afford it or through scholarships. Getting a complete education is like having a passport to good employment and better living standards in the future. I believe women should also work as long as they like working, and be up-to-date in their knowledge of activities around the country. Besides bringing additional income to her family, she is also keeping herself physically and mentally fit. Government services have set … [Read more...] about A woman’s work is never done, but at what age should she retire?
Viet Nam News by Vũ Thu Hà When should you retire? When do you want to retire? These are not personal questions anymore. For argument's sake, let's assume that most people do not want to keep working for long, that they want to put their feet up and relax after putting in the long hours for a long, long time. Well, some bad news have come their way. Population experts and economists are saying current official retirement ages, for men and women, will prove too costly for the economy and the social insurance system. Việt Nam has started to feel the heat of the problem even though it is still enjoying a "golden age" population. So a proposal to increase the retirement age for both men and women is on the anvil again, the third time in four years, the two previous attempts having failed. According to the new proposal - part of a bigger draft revision of the Labour Code 2012 , the official retirement age should be raised from 60 to 62 for men, and from 55 to either 58 or 60 for … [Read more...] about Some questions that cannot be retired
VietNamNet Bridge – The Ministry of Labour, Invalids and Social Affairs (MoLISA) has proposed raising the retirement age for workers, especially highly skilled employees and those in management, by 5 years (the current retirement age is 55 for women and 60 for men). Two options have been suggested: raising the retirement age by 5 years at once and raising it gradually. The proposal, which would be implemented in 2014, has received mixed feedback from the public. Viet Nam News reporters Minh Thi and Thanh Hai spoke to experts about the proposal. What do you think of the proposal? Is the current retirement age in Viet Nam appropriate? If not, how should it be adjusted? Carlos Galian, Programme Officer in Social Protection, International Labour Organisation (ILO): It’s very lucky that Viet Nam will have to increase the retirement age. This is good news because it means Viet Nam has succeeded in social terms: people are living longer and will continue to live longer. Viet … [Read more...] about Experts support higher retirement age
Many of the best options for enjoying an enormously enriched retirement lifestyle on even a very modest budget can be found overseas. Here are the world's 18 top retirement havens, where an interesting, adventure-filled lifestyle is available for a better-than-reasonable cost. The Americas 1. Panama. Panama is the world's top retirement haven. Panama City no longer qualifies as cheap, but other spots in this country certainly do. Panama continues to offer the world's gold standard program of special benefits for retirees. The currency is the U.S. dollar, so there is no exchange rate risk if your retirement savings and income is in dollars. The climate in Panama City and on the coasts is tropical, hot, and humid. However, the climate in the highlands can be temperate and tempting. Panama is the hub of the Americas, meaning it's easily accessible from anywhere in North and South America and Europe. 2. Belize. Belize is a great place for reinventing your life in retirement. This tiny, … [Read more...] about VN among 18 best places to retire overseas