Retirement age proposed at 60 for women and 65 for menVietNamNet Bridge – The Ministry of Labour, Invalids and Social Affairs has come up with two scenarios for increasing retirement age to 60 for women and 62 for men; or 60 for women and 65 for men. Minister of Labour, Invalids and Social Affairs, Dao Ngoc Dung speaks at a meeting of the National Assembly’s Committee on Social Affairs yesterday in Hanoi. The second layer includes those who have to buy compulsory social security, and the third layer includes those who pay for voluntary social security. While there were more than 600,000 enterprises operating in Vietnam, only 230,000 buy social security for their workers. He also mentioned voluntary social security, adding that currently 66 per cent of labourers are from non-official sectors, which makes the goal of having 50 per cent of labourers buying compulsory social security difficult.