From March 2026, people will pay attention to some new regulations in the Law on Recovery and Bankruptcy related to retirement and pensions that take effect.
Clause 3, Article 30 of the Law on Recovery and Bankruptcy on business activities of enterprises and cooperatives after the court accepts the request:
From the date of acceptance of the application for application of recovery procedures, enterprises and cooperatives are entitled to freeze tax debts as requested by the court, and temporarily suspend contributions to the pension and survivorship fund.
The deadline for freezing tax debt, temporarily suspending contributions to the pension and death fund is implemented according to the provisions of law on tax management and law on social insurance.
Regarding this regulation, Clause 2, Article 86 amends and supplements a number of articles, clauses, and points of relevant laws and resolutions as follows:
In case the employer encounters difficulties and has to temporarily suspend production and business, leading to the employee and employer not being able to pay social insurance or the employer is applied recovery procedures according to the provisions of the law on recovery and bankruptcy, they are allowed to temporarily suspend contributions to the pension and death fund for a maximum of 12 months.
Regarding pension fund information, at the beginning of 2026, Vietnam Social Security announced the financial statements for 2024, including information on pension and death fund expenditures.
According to a report by Vietnam Social Security, in fiscal year 2024, the total revenue of Vietnam Social Security reached 547 trillion VND.
This revenue mainly comes from compulsory social insurance with 366 trillion VND and health insurance reaching 141 trillion VND. Other revenues include voluntary social insurance of about 10 trillion VND and unemployment insurance in the total revenue structure.
Regarding budget expenditure, total expenditure for social insurance and unemployment insurance regimes nationwide is 363 trillion VND.
In which, the most important highlight is the pension and survivorship fund with a total expenditure of up to 255 trillion VND. In addition, the Unemployment Insurance Fund has paid 23 trillion VND to support workers.
Expenses for medical examination and treatment. Health insurance accounts for a large proportion with 134 trillion VND. Finally, expenses for management of the entire industry apparatus are finalized at 12 trillion VND.
According to the 2024 Law on Social Insurance, effective from July 1, 2025, the adjustment of pensions in the coming time will be implemented according to a new mechanism, associated with the consumer price index (CPI) and the balancing capacity of the state budget as well as the Social Insurance Fund.
Article 67 of the 2024 Law on Social Insurance stipulates that 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.
This means that when living costs increase, the State will consider adjusting pensions to ensure the actual value of the money that retirees are receiving.
