Vietnam Proposes Monthly Pension Allowance for Elderly Without Retirement Benefits

Starting July 1, 2025, the Vietnamese government plans to provide a monthly

of 500,000 VND to citizens aged 75 and above who do not receive any or social insurance benefits. This initiative, proposed by the Ministry of Labor, Invalids, and Social Affairs, aims to support the elderly population lacking .

For individuals belonging to poor or near-poor households, the eligibility age is proposed to be lowered to 70.

seniors are required to submit an application with confirmation from their local commune or ward authorities. In cases where an individual qualifies for multiple monthly allowances, only the higher amount will be granted. Additionally, a of 10 million VND is proposed for beneficiaries upon their passing.

The proposed allowance aligns with the current

to ensure consistency across policies and to accommodate the nation's economic conditions and budget constraints. The Ministry estimates that approximately 1.5 million individuals aged between 75 and 80 would benefit from this policy, with an annual budget requirement of over 9 trillion VND and a total of 40.5 trillion VND for the 2025-2030 period.

As of the end of 2022, Vietnam had about 14.4 million people at or above retirement age, with only 35% receiving pensions or

. The remaining 65%, equating to around 9.3 million individuals, lack adequate social security coverage. Implementing this policy is expected to alleviate financial hardships for the elderly and provide them with health insurance cards for medical services, thereby reducing their .