Over the past 10 years (2001-2010), Vietnam has achieved great successes in economic development with average annual economic growth of nearly 8%. Poverty rate quickly declined from 58% in 1993 to 12% in 2009. The basic infrastructure system, such as electricity, transportation, schools, and health care facilities for people in mountainous and remote areas has been improved significantly. People's life expectancy reached 73.1 years as compared to 65 years in late 1980s. However, Vietnam is also facing some social disadvantages, such as slow labour restructuring, low employment quality, difficult living conditions of a part of population, increasing trend in inequality between urban and rural areas, quick but unsustainable poverty reduction. On the other hand, the perception of the role and position of social security system in the society's development model is not consistent; the system coverage and benefit level are low; access to the system is still limited for some target groups; people's capacity to prevent and manage risks is not high; and the resources for social security mainly relies on State budget. In addition, the role of traditional and informal social security system tends to get weaker.
- Overview of Social Security Schemes