From July 1-7, the two-tier local government model (including the provincial and communal levels) was implemented nationwide, raising some concerns among citizens about pension and social insurance allowance payments in the newly merged areas.
Vietnam Post and Telecommunications Corporation will organize the payment of pensions and social insurance benefits. Photo: VGP
Regarding this issue, a representative from the Finance and Accounting Department (Vietnam Social Insurance) affirmed that the payment of pensions and allowances for the July period will continue as scheduled, in accordance with regulations.
According to the regulations, the monthly pension payment schedule starts on the 2nd day of each month. If this date falls on a holiday or a day off, the schedule will be adjusted to the next working day.
For those receiving pensions through bank accounts, the July payments will be made as usual, starting July 2nd.
For cash payments, Vietnam Social Insurance, in coordination with the Vietnam Post and Telecommunications Corporation, has arranged for officers and lists of beneficiaries in 3,321 communes to ensure timely payments in accordance with the new local government model.
Currently, the Vietnam Social Insurance system is providing monthly pension and social insurance allowances to more than 3.3 million people nationwide. In the June payment period, the agency directly paid 81% of beneficiaries nationwide through personal accounts. The remaining beneficiaries received payments through flexible methods such as cash at payment points or at home for elderly, lonely, or ill individuals with mobility issues.
Vietnam Social Insurance affirms that it will continue to maintain stable payment operations, ensuring the rights and benefits of recipients in the context of the transition to the new local government model.
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