Vietnam's workers cash out pensions early ahead of new law

Hanoi considers social media influencers and legal perks to keep savers in state fund

20240211 vietnam factory

Some factory workers have been tapping their public retirement funds in Vietnam, an increasingly important link in global electronics and garments supply chains. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnam is amending its pension laws in an attempt to deter people from abandoning the fund before retirement. Yet in some quarters, the pending change is having the opposite effect.

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