Speaking to Lao Dong Newspaper reporter, Ms. Duong Thi Minh Chau - Head of the Department of Propaganda and Support for Social Insurance participants in Region I (Hanoi) said that Vietnam Social Insurance has just sent an official dispatch to Vietnam Post Corporation, Social Insurance of regions on the payment of pensions and allowances for the payment period in May.
Accordingly, regarding the payment of pensions and benefits in cash, Vietnam Social Insurance requires units to review and develop a payment schedule for beneficiaries from April 25 to April 28.
At the same time, this agency requires the arrangement and assignment of appropriate working departments to make a list and transfer funds to the post office in a timely manner before April 24.
Regarding the form of payment via personal account, Vietnam Social Insurance requires reviewing and transferring the list of pension and subsidy beneficiaries to be completed before April 24.
Since then, the Social Insurance of provinces and centrally run cities has not yet operated according to the regional model that will be paid through accounts on April 25, and the Social Insurance of the regional region will make payments on April 26.
On the other hand, Vietnam Social Insurance also requested Vietnam Post Corporation to prepare payment conditions and notify beneficiaries of the pension and subsidy payment schedule for the May 2025 payment period.
Previously, in order to create conditions for people and workers to celebrate the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 - April 30, 2025), while implementing social security policies and stimulating consumption, the Prime Minister issued a telegram directing the Ministry of Finance and Social Insurance of Vietnam to carry out a number of key tasks.
Specifically, the Prime Minister requested the Social Insurance sector to ensure the settlement and payment of social insurance and unemployment insurance regimes are fully, promptly and in accordance with regulations for beneficiaries.
In particular, pensions and social insurance benefits for May will be paid early, from April 25 to 28.
Implementing the direction of the Prime Minister, the Ministry of Finance, Vietnam Social Insurance, and Region I Social Insurance (Hanoi) are preparing about VND4,025 billion to pay pensions and social insurance benefits to over 595,000 people. Of which, payment by transfer to personal accounts is 99.04% of the total number of recipients on April; nearly 7,000 cash recipients will be paid by Area 1 Social Insurance in coordination with the Post Office after April 26" - Ms. Duong Thi Minh Chau said.
Currently, the whole country has nearly 3.4 million people receiving pensions and monthly allowances. Monthly pension and social insurance allowance payments are usually made from the 2nd to the 10th of the month.
Vietnam Social Insurance implements three forms of pension payment: Through bank accounts, directly from the social insurance agency or an authorized organization and through the employer.
