The plan aims to build key tasks and primary solutions to promote cashless payments as assigned in the action programme on the implementation of the national comprehensive financial strategy. The strategy was issued together with Decision No 149/QD-TTg and Directive No 22/CT-TTg in line with the development roadmap of the modern banking agent model and distribution channels, especially in areas where banking services are not available or in rural and remote areas.

In order to effectively implement the plan, the VSS has set out a number of key tasks and solutions including continuing to strongly strengthen dissemination of the Government's and the sector's policies on promoting the cashless payment plan; focusing on disseminating information about the efficiency and benefits of non-cash payments, its implementation procedures, products and banking services.

VSS will focus on reviewing, making amendments and supplements to the insurance payment process and managing beneficiaries in relevance with the banks’ process of providing cashless payment services in order to ensure safety, confidentiality and conduct electronic transactions.

VSS also plans to standardise data on pensioners, social security and unemployment insurance beneficiaries to connect and share information with payment service suppliers and intermediary payment service providers.

In particular, the agency will complete IT infrastructure and a management software system to connect and share with payment service providers and intermediary payment service providers, ensuring confidentiality in payment transactions in accordance with regulations and accelerating the implementation of electronic transactions, use of digital signatures in payment and exchange of information between social security agencies, banks and banking agents.

VSS will conduct research and ask central-level provincial and city social security agencies to encourage people to receive allowances through the banking system by 2025, especially in areas where banking services are not available or in rural and remote areas.

According to the plan, by the end of 2020, VSS aims to have 20 per cent of social security allowances in urban areas paid through the banking system. By 2021, about 50 per cent of people in urban areas will receive cashless payments of pension, social security allowance, survival benefits and funeral costs./.