Social Pension Scheme
Basic Information
Country
Geographic area
Institutions and agencies involved
Population group
Elderly persons
Programme Details
Programme objectives
Elderly care policies in the country aim to ensure a minimum living standard for this group.
Programme components
The programme has two categories (or components). The first is an unconditional cash transfer for the elderly between 60 and 79 years old, if they fulfill some conditions. The second is an unconditional cash transfer for people of 80 years who do not receive pension benefits
Coverage
Total beneficiaries in 2015: 1.61 million people. The first component covered 100,580 while the second compnent reached 1,512,195 in 2015.
Programme expenditure
0.015% of GDP (first component) 0.096% of GDP (second component).
Pension Watch (version 1 March 2018). ‘Viet Nam’, Pension Watch, < http://www.pension-watch.net/social-pensions-database/social-pensions-database--/ > (accessed 22 May 2018).
Targeting and eligiblity
Targeting methods
Targeted areas
Target groups
Eligibility criteria
First component - elderly (aged 60 and above) living in poor households alone or with an ill older spouse and with no relatives to support them. Second component - people of 80 years old and over who do not receive other pension benefits.
Coverage and other information
Type of benefits
Amount of benefits
VND 270,000 (around USD 12). However, the final benefit amount is based on a set of multipliers which depend on the household composition or specific characteristics of the beneficiary, such as age or disability.
There is a plane to raise the benefit to VND 500,000 in the future, after 2025.
Payment/delivery frequency
Benefit delivery mechanism
Payments are made by local officials.
Legal Framework
Draft Law on Social Insurance (amended) - 2023
