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Vietnam : Developing a Modern Pension System--Current Challenges and Options for Future Reform.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Other Social Protection Study
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accounting.
- Adverse Effects.
- Aging Population.
- Commercial Banks.
- Contribution Rates.
- Debt.
- Dependency Ratio.
- Early Retirement.
- Females.
- Fertility.
- Financial Management.
- Financial Sector.
- Foreign Direct Investment.
- Fund Management.
- Gender.
- Global Economy.
- Good Governance.
- Human Resources.
- Inflation.
- Information Technology.
- Interest Rates.
- Investment Horizon.
- Job Creation.
- Labor Market.
- Labor Mobility.
- Labor Policies.
- Life Expectancy.
- Occupations.
- Pensions & Retirement Systems.
- Regulators.
- Retirement.
- Risk Management.
- Savings.
- Small Businesses.
- Social Insurance.
- Social Protections and Labor.
- Social Security System.
- Telecommunications.
- Transparency.
- Unemployment.
- Younger Workers.
- Local Subjects:
- Accounting.
- Adverse Effects.
- Aging Population.
- Commercial Banks.
- Contribution Rates.
- Debt.
- Dependency Ratio.
- Early Retirement.
- Females.
- Fertility.
- Financial Management.
- Financial Sector.
- Foreign Direct Investment.
- Fund Management.
- Gender.
- Global Economy.
- Good Governance.
- Human Resources.
- Inflation.
- Information Technology.
- Interest Rates.
- Investment Horizon.
- Job Creation.
- Labor Market.
- Labor Mobility.
- Labor Policies.
- Life Expectancy.
- Occupations.
- Pensions & Retirement Systems.
- Regulators.
- Retirement.
- Risk Management.
- Savings.
- Small Businesses.
- Social Insurance.
- Social Protections and Labor.
- Social Security System.
- Telecommunications.
- Transparency.
- Unemployment.
- Younger Workers.
- Other Title:
- Vietnam
- Place of Publication:
- Washington, D.C. : The World Bank, 2012.
- System Details:
- data file
- Summary:
- With declining fertility and rising life expectancy, the Vietnamese population is expected to age rapidly, making the development of a modern social security system a pressing priority for Vietnam. The current system faces a number of major challenges, including low coverage rates in both the formal and informal sectors, inequities between different participant groups, lack of financial sustainability, and weak capacity for management and implementation of social insurance programs. Reforms are needed urgently to expand coverage, promote fairness, improve financial sustainability, and modernize the social security administration in order to help ensure income security for Vietnam's aging population in the coming decades. This note aims to contribute to the policy discussions around possible revisions to the social insurance code foreseen for 2013 by reviewing some of these challenges and possible reform options.
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