Vietnam's digital push aids 70% of social insurance payouts

VSS also achieved non-cash payments for 3.4m beneficiaries.

Vietnam Social Security (VSS) system's progress in digitising social insurance services saw over 97.6 million records verified in their database, including about 87.4 million social, health, and unemployment insurance participants. 

This has enabled VSS to efficiently transition to non-cash payments for pensions and social insurance benefits, with nearly 3.4 million beneficiaries receiving monthly payments through personal accounts, fully synchronized with the national database.

As of 1 July, VSS successfully managed to pay more than 70% of beneficiaries through personal accounts, ensuring timely, accurate, and secure transactions under the newly adjusted pension and social insurance benefit rates.

On 10 July, Prime Minister Pham Minh Chinh chaired the 9th meeting of the National Committee on Digital Transformation and the Working Group responsible for implementing the Government's Project 06. 

Prime Minister Chinh emphasised the government's commitment to accelerating digital transformation across multiple sectors, focusing on building digital infrastructure, enhancing public services, and developing a digital economy and society. 

The implementation of Project 06, which aims to streamline citizen management and improve public service delivery through digital means, has received widespread support from both the public and businesses.