Vietnamís textile sector worried over rise in
The textile companies in Vietnam have completely rejected the
Governmentís proposal to increase the retirement age of textile
The government plans to draft a bill wherein the retirement age of
men and women will be increased to 62 (from 60) and 60 (from 55),
respectively. The textile sector, while condemning the proposal,
said this will increase the workload of women by several manifolds
as they constitute majority of the workforce.
More on the same, Bui Duc Thinh, Chairman, Song Hong Garment JSC,
said at a recent seminar that women workers are already under lot of
stress as they work for 10 hours Ė and sometimes more.
He added that the existing retirement age of 55 for women was
already very high and further increase would make things very
difficult for them. Besides, there are several instances where women
even bribe doctors so that they get early retirement on medical
Lot of women workers in Vietnamís textile sector retire between 35
and 40 and they then use all their retirement benefits to set up
their own business.
Truong Van Cam, General Secretary, Vietnam Textile and Apparel
Association (VITAS) said that the Government should first increase
the retirement age for administrative sector and only after 5 or 10
years, it should think of doing the same for manufacturing sector.
Reportedly, social insurance funds are limited in Vietnam and the
nationís retirement and social benefit funds are expected to face a
shortfall from 2023, which is a big worry. Besides, according to
International Labor Organization (ILO), the Government may subsidise
the pension system from 2034.