Vietnam Social Security responds:
1. According to current policy regulations, employees are entitled to a pension when they reach retirement age and have 20 years of social insurance contributions. In your case, you are 62 years old this year but have only 17 years of social insurance contributions, so you are not yet eligible for a pension.
If you wish to receive a pension, you can participate in Voluntary Social Insurance until you have 20 years of social insurance contributions to be eligible for a pension according to regulations.
2. According to Clause 1, Article 9 of Decree No. 134/2015/ND-CP dated December 29, 2015, detailing some articles of the Law on Social Insurance regarding voluntary social insurance, participants in voluntary social insurance can choose one of the following payment methods to contribute to the retirement and survivorship fund: monthly payments; quarterly payments; semi-annual payments; annual payments; lump-sum payments for multiple years in advance but not exceeding 5 years at a time; lump-sum payments for the remaining years for participants who have met the age requirement for pension but lack no more than 10 years (120 months) of social insurance contributions, allowing them to make up the 20 years needed to receive a pension.
Therefore, if readers wish to receive a pension as soon as possible, they can register to pay voluntary social insurance in a lump sum for the remaining 3 years to receive a pension immediately in the month following the month they complete their social insurance contributions.
