According to a representative from Social Insurance Area 1 (Hanoi), the payment of retirement pensions and social insurance allowances for July will not be affected, even though Hanoi implemented a two-tier local government model from July 1st.
People register to receive monthly retirement pensions and social insurance allowances via their bank accounts. Photo: Hong Hanh
Following the directions of Vietnam Social Insurance, retirement pensions and social insurance allowances will continue to be transferred directly to personal accounts on the 2nd of every month. If the 2nd falls on a holiday or a day off, the payment schedule will be pushed to the next working day.
For those who receive cash payments, the Social Insurance Agency will coordinate with the Post Office to distribute the funds after the personal account payment date.
From July 1st, according to the plan to rearrange administrative units, Hanoi will have 126 wards and communes, a reduction of approximately 400 administrative units at the communal level compared to before. However, according to a representative from Social Insurance Area 1, this change will not significantly impact the payment process as almost all beneficiaries have been receiving their payments through personal accounts.
“We encourage people to switch to receiving payments through personal accounts to ensure convenience, safety, and timeliness,” said Ms. Duong Thi Minh Chau, Head of the Propaganda and Support Department for Social Insurance Participants, Area I.
In June, Social Insurance Area I disbursed over VND 4,025 billion to more than 595,000 people receiving retirement pensions and social insurance allowances. The ratio of payments made through personal accounts reached 99.31%, the highest rate ever achieved in this area.
Nationwide, during the June 2025 payment period, over 81% of the total number of people receiving retirement pensions and social insurance allowances were paid through personal accounts. In urban areas, this figure exceeded 86%, surpassing the target set by the Prime Minister regarding the development of cashless payments by 26%.
