Developing the Scale of Voluntary Pension Fund System at Enterprises in Vietnam

Abstract

Development of corporate voluntary pension funds at Vietnamese enterprises are contributed to enhancing financial security and the development of the Vietnamese pension system. The research has developed criterias and conducted qualitative and quantitative analysis of available data to evaluating the current status of corporate voluntary pension fund (VPF) development in Vietnam in period 2016- 2022. The research results show that voluntary pension fund assets follow the GDP growth trend but at a higher growth rate; coverage, level of increase in coverage, new participants and new participation fee revenue of the corporate VPF are not significant. From there, limitations have been pointed out, base on, proposing and recommend solutions to developing the scale of voluntary pension fund system at enterprises in Vietnam.