Live Breaking News & Updates on வியட்நாம் சமூக பாதுகாப்பு நிதி
Stay updated with breaking news from வியட்நாம் சமூக பாதுகாப்பு நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Vietnam gets its first private defined contribution plan Dominic Scriven, executive chairman and co-founder of Dragon Capital VietFund Management Dragon Capital VietFund Management, a Ho Chi Minh-based money management firm, has launched Vietnam s first private sector retirement savings vehicle. The defined contribution plan, with government tax incentives for employees and employers alike, offers savers three fund options a relatively high-risk 50-50 split between equities and bonds, a 65% bond-35% stock mix and a conservative 80% bond-20% stock mix. Savings can be withdrawn tax-free upon reaching retirement age, currently 62 for men and 60 for woman. Life insurers in Vietnam have had some success selling savings products in recent years but those heavily regulated offerings invest almost exclusively in government securities, Dominic Scriven, executive chairman and co-founder of Dragon Capital VietFund Management, said in an interview. ....