The draft decree on supplemental pension insurance (SPI) is currently being developed by the Ministry of Finance for the Social Insurance Law 2024. Under the draft decree, eligible participants for SPI include employers and employees who are already participating in mandatory social insurance as prescribed by the Social Insurance Law. They are entitled to receive supplemental pension payments and enjoy personal income tax incentives as prescribed by law. Vietnam has piloted voluntary supplemental pension funds since 2017 under Decree 88/2016/ND-CP. By the end of 2024, there were seven active supplemental pension funds in the system; total assets reached VND1,549 billion, an 18-fold increase compared to 2021 and up 68.7 percent compared to 2023.

Source: VietNamNet News December 29, 2025 02:01 UTC