Specifically, in the first two working days of March 2025, Vietnam Social Security proactively focused all resources and strongly applied information technology to directly transfer monthly pension and social insurance allowance payments via personal accounts for 2.7 million out of a total of 3.4 million beneficiaries nationwide.

On March 3, 2025, the payment was simultaneously accelerated to reach over 98% of the total of nearly 1.3 million beneficiaries through personal accounts who had to pay during the day in 38 provinces and cities.

Buddhist monk (12).jpg Photo by Chi Hieu
Illustration: Chi Hieu.

For those who have not received it, the Social Insurance Agency is continuing to coordinate with banks and beneficiaries to reconfirm 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 to be made on March 4, 2025 according to the payment schedule announced to beneficiaries.

Previously, on February 26, the Minister of Finance issued Decision 391 regulating the functions, tasks, powers and organizational structure of Vietnam Social Security. Accordingly, from March 1, 2025, Vietnam Social Security will operate under a new organizational model.

The Ministry of Finance requires that during the restructuring of the social insurance organization, there must be no disruption or impact on the rights and interests of participants and beneficiaries of social insurance, unemployment insurance and health insurance policies.

Vietnam Social Security is a specialized 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 non-budgetary state financial funds: social insurance and health insurance; specialized inspection of social insurance, unemployment insurance and health insurance contributions according to the provisions of law.

Vietnam Social Security participates with competent State agencies in developing, supplementing and perfecting policies and laws on social insurance, health insurance and unemployment insurance.

After the merger, which economic sectors will the 9 Deputy Ministers of Finance be in charge of?

After the merger, which economic sectors will the 9 Deputy Ministers of Finance be in charge of?

Minister Nguyen Van Thang has just signed Decision No. 669 on the assignment of areas of responsibility of the leaders of the Ministry of Finance from March 1, 2025.
The Ministry of Finance has 35 organizations after the merger.

The Ministry of Finance has 35 organizations after the merger.

The Government has just issued a decree stipulating the functions, tasks, powers and organizational structure of the Ministry of Finance.
Officials and civil servants who have paid social insurance for 15 years and retire early will keep their pensions.

Officials and civil servants who have paid social insurance for 15 years and retire early will keep their pensions.

Officials and civil servants who do not meet the age requirements for re-election or reappointment, or have paid social insurance for 15 years or more, if they voluntarily apply for early retirement, will not have their pension rate deducted and will receive many other benefits.