Pension Plan

WHAT IS THE PENSION FUND?

The Pension Fund refers to a voluntary supplementary pension fund. It is a financial vehicle established for implementing retirement programs, funded by contributions from both employees and employers with the aim of enhancing employees’ retirement income.

Vietcombank Fund Management Company Limited (VCBF) offers the VCBF Balanced Pension Fund (VCBF-CB) and the VCBF Conservative Pension Fund (VCBF-BT), under License No. 04/GCN-QLQHTBSTN for the provision of voluntary supplementary pension fund management services issued by The Ministry of Finance (Vietnam) on March 3, 2022.

BENEFITS OF VCBF PENSION FUNDS

  • Tax incentives

Corporate income tax exemption of up to VND 3 million/month for company contributions to pension funds.

Personal income tax exemption for employee contributions of up to VND 1 million/month.

  • Employee benefits

Enhances employee welfare.

Helps attract and retain talent.

Provides an additional income stream through investment returns, supplementing state pension benefits.

  • Managed by a leading firm

Managed by VCBF – one of the leading fund management companies in Vietnam.

INFORMATION ON VCBF PENSION FUNDS

Full Name Abbreviation Expected Return / Risk Level Asset Allocation
VCBF Balanced Pension Fund VCBF-CB Moderate Government bonds: Minimum 50% (in accordance with current regulations)
Equity and balanced mutual funds (excluding bond-only funds): Maximum 50%
VCBF Conservative Pension Fund VCBF-BT Low Government bonds: Minimum 50% (in accordance with current regulations)
Bond mutual funds: Minimum 20%
Equity and balanced mutual funds (excluding bond-only funds): Maximum 30%
CONTRIBUTION AND WITHDRAWAL POLICIES
  • Participation method: Initially, employees and/or employers make regular contributions to the fund as agreed between the two parties, and between the employer and VCBF. Contribution amounts depend on the company’s compensation policy and applicable tax incentives. VCBF will provide tailored advisory services based on the organization’s needs and internal policies.
  • Payout method: All contributions and investment returns will be fully owned by the employee in accordance with the payout policy agreed upon with the employer. Employees can choose to receive their pension as a lump sum or in monthly payments after retirement.
CONTACT FOR PRODUCT INFORMATION

Mr. Phạm Quang Hưng – Director, Business Development Department, VCBF

Email: quanghung@vcbf.com

Tel: (+84) 24 3936 4540      Ext: 160

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