New retirement pension, social allowances to be paid 3-5 days earlier

Vietnam Social Security (VSS) and Vietnam Post are working to pay the new retirement pension and social insurance allowances in July three to five days earlier than the previous schedule.
A pensioner in Vung Tau City receives her pension. (Photo: Vietnam Post)
A pensioner in Vung Tau City receives her pension. (Photo: Vietnam Post)

Vietnam Post will also extend the payment time for pension and allowance recipients.

Specifically, Vietnam Post will pay retirement pension and social allowances at points in communes, wards and towns from July 1 to 10.

From July 11 to 25, Vietnam Post will continue paying retirement pension and social allowances for late recipients at post offices.

The specific paying schedules are set by local VSS agencies and post offices and will be publicly announced to beneficiaries.

In July, Vietnam Post is expected to pay out a total of nearly 19 trillion VND (746.4 million USD) to the nearly 3 million beneficiaries.

Under a recent government decree, retirement pensions, social insurance allowances and monthly allowances for nine groups of beneficiaries will increase by 15% starting from July.

NDO