Pilot pension payment through accounts in 5 cities and provinces

Five provinces and cities including Nam Dinh, Dien Bien, Da Nang, Ho Chi Minh City and Soc Trang are expected to pilot pension payments through accounts next May.

Vietnam Social Security and the Ministry of Public Security agreed to issue a procedure for implementing cashless payments in pension and social insurance benefits on the basis of the national population database.
Through this, it aims to mobilize and propagate people to receive pensions and social insurance benefits through non-cash payment methods, combined with verification and cleaning of beneficiary data. It is expected that in May, the pilot will be implemented in 5 provinces and cities: Ho Chi Minh City, Nam Dinh , Dien Bien, Da Nang, Soc Trang, before expanding nationwide.

Paying pensions and social insurance benefits through ATM accounts is a State policy to create more favorable conditions for people to access social security services.
Vietnam Social Security is coordinating with Vietnam Post to implement monthly pension and social insurance benefits payments in two forms: via bank accounts (ATMs) and receiving cash at payment points.

However, to ensure pensioners and social insurance beneficiaries receive the fastest and safest benefits, the Social Insurance Agency encourages beneficiaries to register to receive benefits via ATM card accounts.

According to the project to develop non-cash payments in Vietnam in the 2021-2025 period, the Government aims that by the end of 2025, about 60% of pensioners, social insurance benefits, and unemployment benefits in urban areas will be paid through non-cash payment methods.

(VTV.vn)

Source: https://baoninhbinh.org.vn/thi-diem-chi-tra-luong-huu-qua-tai-khoan-tai-5-tinh-thanh/d20240423173927979.htm