Vietnam’s Social Security System: From Foundational Decrees to Digital Integration
Introduction Vietnam’s social security system has undergone a remarkable transformation since its early inception in the mid-20th century. From basic retirement provisions for civil servants to a comprehensive system that now includes social insurance, health insurance, and unemployment insurance, Vietnam has continually expanded its social protection framework in response to evolving economic conditions and labor market demands. This blog explores the historical evolution of Vietnam’s social security system, the major legislative reforms that shaped it, the most recent policy developments under Law No. 41/2024/QH15, and how a modern system like Interact SSAS can enhance the administration, compliance, and accessibility of the country’s social insurance programs. Early Foundations (1945–1992) Vietnam’s journey toward establishing a structured social security system began shortly after the country declared independence in 1945. Key milestones during this period include: 1945: A foundational decree signed by the President of State stipulating the retirement conditions for civil servants. 1962:...