ILO and UNFPA Viet Nam published a Policy Brief on Social Pensions
ILO and UNFPA Viet Nam published a Policy Brief on Social Pensions: Income security for older persons, based on research conducted together with the National Economics University. The impact of non-contributory pensions for people above 80 years of age was measured, and found to be significant. The key findings are listed below:
- Income has increased for every age group in Viet Nam except 65-80 years.
- High coverage (almost 80%) and limited leakage of social pensions for the target group (80+ years).
- Social pension for 80+ target group has contributed to improving their income.
- Around 70% of 60-79 year old group do not receive any income support from government schemes.
- Inflation has eroded the social pension by 33% from 2010.
It is expected that the policy brief and supporting research can lead to an extension of coverage and increase in pension benefits in the country.
Download the policy brief.