On the afternoon of August 6, the Ho Chi Minh City Social Insurance (SI) announced that in August 2025, it had disbursed monthly pensions and allowances to 341,480 beneficiaries. Of these, 291,759 beneficiaries (85.44%) received payments via cashless methods, while 49,721 beneficiaries received cash payments.

The Ho Chi Minh City SI continues to verify, review, and update citizen identification data in the monthly pension and social insurance allowance payment database. Simultaneously, it promotes cashless payment methods for pensions and monthly allowances.

Starting from the August 2025 payment period, the Ho Chi Minh City SI has coordinated with banks and post offices to assign staff at payment points (post offices/commune and ward People’s Committees) to collect missing beneficiary management data. They also assist beneficiaries in opening personal accounts to receive pensions and allowances via cashless methods.

Updating citizen identification data helps complete the beneficiary database, supporting national digital transformation and ensuring secure, fast payments.

    Receiving pensions and allowances through personal accounts saves time and effort, eliminating the need to visit payment points in person while ensuring timely, secure, and accurate disbursement.

    When opening bank accounts, beneficiaries’ personal information remains confidential, and they enjoy preferential policies from the respective banks.

    Elderly or frail beneficiaries can authorize relatives to receive payments on their behalf via personal accounts, as per the 2024 Social Insurance Law.

    Specifically, authorization documents for receiving pensions and allowances remain valid for up to 12 months from issuance.

    If an authorization document expires before June 30, 2026, it remains effective until its expiration date.

    If an authorization document expires after June 30, 2026, it will only be valid until June 30, 2026.

    The SI notes that before or during the month an authorization document expires, beneficiaries or authorized persons must submit new authorization documents to continue receiving pensions and allowances.

    Annually, beneficiaries receiving social insurance via bank accounts must cooperate with SI agencies or authorized service providers to verify their information.

    The SI will temporarily suspend pension and allowance payments if beneficiary information cannot be verified as required.

    The social insurance agency has announced changes to the August pension and allowance payment schedule, as well as updates on pension authorization procedures.

    Ho Chi Minh City Social Insurance

    Ho Chi Minh City Social Insurance is a government agency responsible for managing social insurance, health insurance, and unemployment insurance for residents and workers in Ho Chi Minh City, Vietnam. Established under Vietnam’s national social insurance system, it plays a key role in implementing social welfare policies and ensuring coverage for employees and beneficiaries. The agency reflects Vietnam’s efforts to expand social protection in line with economic growth and labor market demands.

    Social Insurance Law 2024

    The **Social Insurance Law 2024** is a legislative update aimed at reforming social security systems, often addressing retirement, healthcare, and unemployment benefits. While specific details vary by country, such laws typically expand coverage, adjust contribution rates, or improve sustainability in response to demographic changes like aging populations. The 2024 iteration likely reflects modern economic challenges and aims to balance worker protections with fiscal responsibility.

    People’s Committees

    The **People’s Committees** were administrative bodies in socialist states, particularly prominent in the Soviet Union and Eastern Bloc countries, responsible for local governance and implementing state policies. Modeled after the **soviets** (workers’ councils), they played a key role in political control and economic management under communist rule. After the fall of the USSR, many were dissolved or reformed into modern municipal governments.

    post offices

    Post offices have long served as vital hubs for communication, mail delivery, and community interaction, dating back to ancient civilizations like Persia and Rome. The modern postal system evolved in the 17th–19th centuries, with national services like the UK’s Royal Mail (founded 1516) and the US Postal Service (established 1775) standardizing mail delivery. Today, post offices also offer financial services, package tracking, and digital solutions, though their role has shifted with the rise of electronic communication.

    banks

    “Banks” can refer to financial institutions or geographic areas like riverbanks, but historically, the term originates from the Italian *banca* (bench), referring to moneylenders’ benches in medieval markets. Modern banks evolved in Renaissance Italy, with the Bank of Venice (founded in 1157) among the earliest. Culturally, banks symbolize economic power and trust, playing key roles in trade, development, and globalization.

    commune

    A commune is a small administrative division or community, often found in countries like France, Italy, and Belgium, where it represents the smallest level of local government. Historically, communes emerged during the Middle Ages as self-governing towns or villages, and many still retain traditional cultural or architectural significance. Today, they manage local services, land use, and civic affairs while preserving regional heritage.

    ward

    “Ward” can refer to various places, but one notable example is **Ward, Colorado**, a historic mining town founded in the 1860s during the Colorado Gold Rush. Once a bustling community with thousands of residents, it later declined and is now a small, eclectic mountain town known for its rustic charm and artistic vibe. Another interpretation could be **Ward Village** in Honolulu, Hawaii, a modern urban development built on the historic Ward Estate, which was once a center of commerce and Hawaiian culture in the 19th century.

    If you meant a different “Ward,” please specify for a more accurate summary!

    national digital transformation

    “National Digital Transformation” refers to a country’s comprehensive strategy to integrate digital technologies into all sectors, such as government, economy, and education, to enhance efficiency, innovation, and global competitiveness. Historically, this concept gained prominence in the early 21st century as nations responded to rapid technological advancements like AI, big data, and cloud computing. Examples include Estonia’s e-governance initiatives and Singapore’s Smart Nation vision, which aim to modernize infrastructure and improve citizen services through digital solutions.