Implementing regulations on adjusting pensions, social insurance allowances and monthly allowances effective from July 1, 2026, Vietnam Social Security has proactively directed provincial and city social security agencies to urgently update new benefit levels, fully prepare conditions on funding, data and coordinate with relevant units to organize timely, full, and regulated payments to beneficiaries.
More than 3.55 million people have been paid according to the new benefit level
In the July 2026 payment period, Vietnam Social Security implemented monthly pension and social insurance allowance payments for about 3.55 million people, with a total amount of 24,320 billion VND, an increase of 8.08%, equivalent to an increase of 1,818 billion VND compared to the June 2026 payment period. Of which payments for:
3.32 million people received money through personal accounts, with an amount of 22,924 billion VND;
226 thousand people received cash through payment support organizations, with an amount of 1,395 billion VND.
The total amount paid in July increased due to the application of the new pension and social insurance allowance levels from July 1, 2026. Updating the benefit level immediately in the first payment period helps beneficiaries receive full benefits according to new regulations, contributing to ensuring regular income and stabilizing life.
Proactively review data, prepare payment conditions
To organize the July payment period on schedule, Vietnam Social Security has requested social security agencies in provinces and cities to focus on reviewing the list of beneficiaries, updating new benefit levels, and checking personal account information before making money transfers.
Units are required to strictly implement the preparation, control and approval of electronic payment orders; and at the same time coordinate with banks to compare beneficiary information between the database of the social insurance agency and data at the bank. Cases where information is not consistent, accounts are invalid or transactions are unsuccessful must be inspected and handled promptly, limiting the impact on the beneficiary's money receipt time.
For cash payments, social insurance agencies of provinces and cities coordinate with payment support organizations to prepare sufficient funds, human resources, equipment and locations; agree on payment schedules, and specifically notify beneficiaries to proactively come to receive them.
Units are also required to closely monitor the implementation process, promptly report difficulties and problems arising for guidance and resolution. These are also consistent requirements in the organization of monthly pension and social insurance allowance payments of Vietnam Social Security.
Amendment of pensions, social insurance allowances and monthly allowances
From July 1, 2026, the Government implements an adjustment to increase the pension level, social insurance allowances and monthly allowances by 8% for subjects who are receiving them before July 1, 2026 according to the provisions of Decree No. 162/2026/ND-CP and the guidance of Circular No. 14/2026/TT-BNV.
Notably, in addition to the general adjustment of 8%, the Government continues to have support policies for people with low benefit levels to narrow the gap in benefit levels between target groups.
Accordingly, people with pensions, social insurance allowances or monthly allowances after increasing by 8% but still equal to or lower than 3.5 million VND/month will be adjusted to increase by an additional 300,000 VND/month. In case after adjusting by 8%, the benefit level is over 3.5 million VND but below 3.8 million VND/month, it will be increased to 3.8 million VND/month.
In the coming time, Vietnam Social Security will continue to direct social security agencies in provinces and cities to proactively review data, update benefit levels, prepare sufficient funding sources and closely coordinate with relevant agencies and units in organizing implementation.
The work of resolving and paying social insurance benefits is strictly controlled, ensuring the right beneficiaries, the right level of benefits, fully, promptly, safely and in accordance with regulations; at the same time, strengthening guidance, support, and timely handling of arising difficulties and obstacles, thereby ensuring full rights of participants and beneficiaries of social insurance and health insurance policies.
