Some Issues in Building a Multi-Pillar Pension System in Vietnam

In the context of rapid population aging, building and implementing a multi-layered pension system to ensure old-age benefits for all elderly people is an inevitable development trend, bringing social security for all people. This study focuses on analyzing and clarifying arguments about multi-pillar pension insurance and related issues. Based on documents and secondary data collected, the authors have analyzed and clarified arguments about the theoretical basis and international experience in implementing multi-pillar pension insurance. Along with that, this article analyzes the need to design and build a multi-pillar pension insurance system in Vietnam with three interwoven layers that complement each other, including universal social pension, pension mandatory contributions, and voluntary supplementary pensions, towards the goal of universal pension coverage.