Doãn Mậu Diệp. — Photo tienphong.vn Doãn Mậu Diệp, Deputy Minister of Labour, Invalids and Social Affairs, speaks to the Tiền Phong (Vanguard) newspaper about how Việt Nam will revise the retirement age for workers or State employees How do you respond to a proposal that Việt Nam would raise the retirement age for its workers while many people in the working age still can’t find jobs? It is a real fact that in any labour market, job positions are always bigger than the actual number of working people. Yet, in all countries, many people are still unemployed. Japan is a good example. According to a national survey, there is only one candidate for four working positions while the unemployment rate in Japan currently stands at 2.4 per cent. In the real labour market, the mismatch between supply and demand happens in all countries, and Việt Nam is no exception. For example, in the Republic of Korea, the … [Read more...] about Why we have to increase the retirement age?
Can you retire at age 55
Births in the United States have plunged to record lows not seen in decades, marking a profound cultural shift that could have ramifications for the future economy, experts said Thursday. The overall fertility rate, which essentially shows how many babies women are having in their childbearing years, and indicates whether the population is replenishing itself, fell to 1.76 births per woman last year, down three percent from the rate of 1.82 in 2016. That marks "the lowest total fertility rate since 1978," said the report by the National Center for Health Statistics, part of the U.S. Centers for Disease Control and Prevention. Meanwhile, the U.S. birth rate plunged to a 30-year low. The 3.85 million U.S. births in 2017 were the fewest since 1987, as American women under 40 continued to delay childbearing. About 77,000 fewer babies were born last year than in 2016 - about a two percent drop year-on-year. The latest downward trend began around the onset of the global financial crisis in … [Read more...] about Births plunge to record lows in United States
ILO senior specialist on social security Nuno Cunha (Photo nguoiduatin.vn) Hanoi (VNS/VNA) - Nuno Cunha, ILO senior specialist on social security, has stressed the need for Vietnam to increase retirement age in an interview granted to Vietnam media regarding a recent proposal to increase the retirement age of Vietnamese labourers. The following is the interview. Q: Is it possible to keep the current retirement age by increasing the performance of the social insurance funds investment? A: The performance of the social insurance funds can indeed play a long-term role in the sustainability of the fund, but the pace of demographic change with such a fast growing elderly population creates challenges that can only be solved by changing system parameters. One of those changes is the retirement age. Increasing the retirement age is a trend seen in several countries in the region, and when compared with other countries with the same life expectancy the age of retirement in … [Read more...] about Retirement age increase necessary for Vietnam: ILO specialist