Developing Corporate Voluntary Pension Fund 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; the investment portfolio is not yet diverse and the investment return rate
of corporate VPF is gradually decreasing each year. From there, limitations have been pointed out, base on,
proposing and recommend solutions to develop the corporate VPF system in Vietnam