Reader Nguyen Thi Bien in Bac Ninh asked: In 2026 I will retire, please ask what form pension is currently paid through?
Answering this question, lawyer Nguyen Thu Trang, Deputy Director of Heva Law Co., Ltd. said:
According to the provisions of Article 93 of the 2024 Law on Social Insurance, effective from July 1, 2025, the form of pension payment for employees participating in compulsory social insurance is as follows:
Through the beneficiary's account opened at a commercial bank, a foreign bank branch is established and operates in Vietnam.
Directly from the social insurance agency or service organization authorized by the social insurance agency.
Through employers.
Article 114 of the 2024 Law on Social Insurance stipulates the form of pension payment for employees participating in voluntary social insurance, including:
Through the beneficiary's account opened at a commercial bank, a foreign bank branch is established and operates in Vietnam.
Directly from the social insurance agency or service organization authorized by the social insurance agency.
Accordingly, when retiring, citizens will be paid pensions through 2 forms:
Payment through the beneficiary's account opened at a commercial bank, a foreign bank branch established and operating in Vietnam.
Received directly from the social insurance agency or received from a service organization authorized by the social insurance agency.
It's a bit of a bit of a bit of a bit of a bit of a bit.
