The city needs a sharp bounce back from the Covid-19 recession from the beginning of the year to return to its normal growth rate.
Vietnam will continue to increase the retirement age from January 1, 2022 in line with the Labour Code 2019.
Many countries in Southeast Asia are facing the risk of an aging population. As a result, subsidies for the elderly will gradually become a burden on governments.
About 400,000 people who retired before 1993 are paid pensions that are far below the regional minimum wage. Most of them struggle with their lives, especially if they are very old and have many diseases.
Country Director of the ILO Vietnam Chang-Hee Lee has said that ILO Vietnam was ready to help the Vietnamese Government, employers and employees to find suitable jobs as the coronavirus takes its toll on the health and labour markets and the economy.
VietNamNet Bridge – A full VND8.8 trillion (US$419 million) was spent this year on social welfare, hunger elimination and poverty reduction, according to a report from the General Statistics Office of Viet Nam.