According to Article 67 of the 2024 Law on Social Insurance, pensions are adjusted based on the increase in the consumer price index in accordance with the capacity of the state budget and the social insurance fund.
The Law also stipulates adjusting the appropriate pension increase for people with low pensions and retired before 1995 to ensure narrowing the pension gap between retirees in different periods.
The Government stipulates the time, subjects, and level of pension adjustment regulations.
According to Resolution No. 245/2025/QH15 of the National Assembly on the state budget estimate for 2026, the National Assembly requests ministries, branches and localities to continue to implement solutions to create sources for salary reform. At the same time, in 2026, the whole country will still maintain the exclusion of some revenue items when determining the increase in local budget revenue for salary reform.
An important new point is that the National Assembly allows expanding the scope of use of accumulated funds for salary reform from the central budget to serve pension adjustments, social insurance allowances, monthly allowances, preferential allowances for people with meritorious services and implementing staff streamlining.
Following that, according to the Resolution of the 10th session of the 15th National Assembly, the National Assembly requested to adjust a number of types of allowances, basic salary levels, pensions, social insurance allowances, monthly allowances, preferential allowances for people with meritorious services, social allowances, social pension allowances according to Conclusion No. 206-KL/TW dated November 10, 2025 of the Politburo.
The Government and the Prime Minister are assigned to direct relevant ministries and sectors to develop, promulgate or submit to competent authorities for promulgation documents detailing and guiding the implementation of laws and resolutions, so that laws and resolutions can be implemented immediately upon taking effect.
Most recently, from July 1, 2024, the Government issued a decree adjusting an additional 15% increase in pensions, social insurance allowances and monthly allowances. This adjustment level is 2 times higher than the average increase adjustment level of the period 2013-2023. The whole country has about 3.5 million people receiving pensions and allowances.
In addition, for people who are receiving pensions, social insurance allowances, monthly allowances before January 1, 1995, after adjustment, if the benefit level is lower than 3.5 million VND/month, it can be adjusted to increase.
Accordingly, pensions will increase by 300,000 VND/person/month for people with a benefit level below 3.2 million VND/person/month; increasing to 3.5 million VND/person/month for people with a benefit level from 3.2 million VND/person/month to under 3.5 million VND/person/month.
From 1995 to now, the State has implemented 24 pension adjustments to ensure the lives of retirees.
