Vietnam Social Insurance said that on February 26, the Minister of Finance issued Decision 391/QD-BTC stipulating the functions, tasks, powers and organizational structure of Vietnam Social Insurance (VSS).
Accordingly, from March 1, Vietnam Social Insurance will operate according to the new organizational model. During the time of restructuring the organizational apparatus of social insurance agencies, there will be no interruption, affecting the rights of participants, beneficiaries of social insurance, unemployment insurance (UI) and health insurance (HI).
According to Decision 391/QD-BTC, Vietnam Social Insurance is a special unit under the Ministry of Finance with the function of organizing the implementation of social insurance and health insurance regimes and policies; organizing the collection and payment of unemployment insurance regimes; managing and using state financial funds outside the budget: Social Insurance, Unemployment Insurance, Health Insurance; specialized inspectors on social insurance, unemployment insurance, and health insurance contributions according to the provisions of law. Participating with competent State agencies in developing, supplementing and perfecting policies and laws on social insurance, unemployment insurance, and health insurance.
Performing assigned functions and tasks, with the consistent viewpoint of "taking people and businesses as the center and service object", Vietnam Social Insurance always determines the task of organizing the collection and payment of social insurance, unemployment insurance, and health insurance; especially the payment of pensions, social insurance and unemployment insurance benefits is the top priority task, ensuring the arrangement of the apparatus without interruption, affecting participants and beneficiaries of the policy.
In the first 2 working days of March 2025, Vietnam Social Security has proactively focused all resources, strongly applying information technology to directly transfer monthly pension and social insurance allowance payments through personal accounts to beneficiaries nationwide.
On March 3, many units under Vietnam Social Insurance simultaneously increased payment to over 98% of the total of nearly 1.3 million beneficiaries through personal accounts that had to be paid during the day in 38 provinces and cities.
For those who have not received it, the Social Insurance agency is continuing to coordinate with banks and beneficiaries to confirm personal account information to ensure that beneficiaries will receive pensions and social insurance benefits as soon as possible.
For the remaining 25 provinces and cities, payments will continue on January 4 according to the payment schedule announced to beneficiaries.
