State pension provision
Employees – including local and expatriate employees – contributing social insurances from 20 years or more, who have reached their retirement age (see 9.1 for more details), may be entitled to a pension upon their retirement.
The pension benefits – which are tax free – are currently determined in accordance with the below formula (Decree 115/2015/ND-CP, Art 7):
Pension = Pension rate × Average monthly contribution salary
In which:
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Web page updated on 28 Aug 2024 12:00