This will have an impact on the balance of social insurance funds. According to a report from the Vietnam Social Security, with the retirement age of 60 for males and 55 for females, male and female workers have been retiring 4 and 2.5 years earlier, respectively. With the average period of social insurance collection at 28 years for males and 23 years for females, only 40.5% of workers retire at 60 and 55, while more than half have been retiring before the expected age.
