Adequacy of social insurance programs in Vietnam
Vietnam: Adequacy of social insurance programs was 30.9% in 2020. ▬ Flat
Adequacy of social insurance programs in Vietnam, 2006–2020
Source: ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB). Measured in % of total welfare of beneficiary households.
Analysis
In 2020, adequacy of social insurance programs in Vietnam stood at 30.9%.
Compared with earlier readings it is up 22.1% on the previous year and up 23.7% over ten years.
Over the whole period, adequacy of social insurance programs in Vietnam peaked at 31.1% in 2006 and was at its lowest, 24.9%, in 2010.
That places Vietnam 27th out of 34 countries with data for 2020, putting it in the bottom quarter.
Adequacy of social insurance programs in Vietnam, year by year
| Year | % of total welfare of beneficiary households | Change |
|---|---|---|
| 2006 | 31.1% | — |
| 2010 | 24.9% | -19.8% |
| 2012 | 28.3% | +13.4% |
| 2014 | 28.9% | +2.4% |
| 2018 | 25.3% | -12.7% |
| 2020 | 30.9% | +22.1% |
Vietnam compared with similar countries
- Vietnam's 30.9% is below the median for upper middle income countries, which is 39.8%, 78% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.1% | 31.1% | 31.1% | 1 |
| 2010s | 26.9% | 24.9% | 28.9% | 4 |
| 2020s | 30.9% | 30.9% | 30.9% | 1 |
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is adequacy of social insurance programs in Vietnam?
- Adequacy of social insurance programs in Vietnam was 30.9% in 2020, according to ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB).
- What is the highest adequacy of social insurance programs recorded in Vietnam?
- The highest recorded value was 31.1% in 2006.
- What is the lowest adequacy of social insurance programs recorded in Vietnam?
- The lowest recorded value was 24.9% in 2010.
- How does Vietnam rank for adequacy of social insurance programs?
- Vietnam ranks 27th out of 34 countries with data for 2020.
- Is adequacy of social insurance programs rising or falling in Vietnam?
- Over the last ten years it is up 23.7%. The long-run trend across the full record is flat.
- Where does this Vietnam data come from?
- The figures come from ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB), published as part of Adequacy of social insurance programs (% of total welfare of beneficiary households). Statizoid updates them automatically from the source API.
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About this data
Adequacy of social insurance programs is measured by the total transfer amount received by the population participating in social insurance programs as a share of their total welfare. Welfare is defined as the total income or total expenditure of beneficiary households. Social insurance programs include old age contributory pensions (including survivors and disability) and social security and health insurance benefits (including occupational injury benefits, paid sick leave, maternity and other social insurance). Estimates include both direct and indirect beneficiaries.