Promoting social insurance non-cash payment methods

01/02/2019 11:08 AM


Given tasks and solutions in Resolution No. 02 / NQ-CP dated January 1, 2019 of the Government on continuing to implement the major tasks and solutions to improve the business environment, improve the national competitiveness in 2019 and orientation to 2021, Viet Nam Social Security shall direct provincial social security offices to mobilize and promote the development of social insurance non-cash payment methods.

The target is to reach 50% of people receiving retirements, social insurance, funeral costs, and survival benefits,... via non-cash payment methods in urban areas.

The Ministry of Labor, Invalids and Social Affairs shall direct related organizations and units to communicate, guide and support beneficiaries to receive subsidies through non-cash payment methods, ensuring the non-cash payment ratio reaches at least 10% and 30% in urban areas by the end of 2019 and 2020 respectively.

From that, government clearly set the general goal for Viet Nam: Improving international rankings on reports done by the WB, WEF, WIPO, UN on the business environment and the national competitiveness... in line with the 4th Industrial Revolution, rapidly increasing the number of newly established enterprises; reducing the ratio of dissolved or suspended enterprises; reducing input costs, opportunity costs, and unofficial costs for enterprises and the people;. Striving to put Viet Nam’s business environment and competitiveness into the ASEAN top 4; contributing to the implementation of the Government's Resolution on socio-economic development.

Vietnam Social Security