PENSION SYSTEM IN VIETNAM: NEW CHALLENGES AND DEVELOPMENT PROSPECTS

This paper investigates the development of retirement pension system in Vietnam through assessing its structure, current state, strengths and shortcomings. The authors explain the need of introducing and explore the model of the superannuation fund model in Vietnam as a supplemental pension channel for employees, besides other state retirement savings and voluntary supplemental retirement schemes. The paper contains some recommendations to policy makers and regulators aiming to drive the development of retirement pension system in Vietnam, especially the superannuation fund model.