The survey "New perspectives on retirement: Confidently embracing the future" conducted in 7 countries, including Vietnam, shows that people are moving towards financial independence, shifting from depending on family and pension to personal savings and investment.
In Vietnam, saving for retirement is a top priority for the next 12 months, but many people are not fully prepared. About 67% only plan for retirement expenses within 5 years before retirement, and 7% do not even plan. 23% of respondents do not save at least 10% of their income for retirement, missing out on the opportunity to optimize their income to cope with inflation.
For retirees, 26% admitted that they had no cost plan, leaving 20% surprised by higher-than-expected costs, especially medical and living expenses. The younger generation is adjusting their expectations, planning to retire later because they love their jobs and need to save more…
Mr. Luc Nhon Ly - General Director of Sun Life Vietnam - emphasized that this is an opportunity to build a safe and healthy retirement future through smart financial decisions today.
