Deputy General Director of Vietnam Social Security (VSS) Le Hung Son and Vietcombank General Director Pham Quang Dung performed the signing ceremony. The ceremony was witnessed by representatives of the Government Office; the Ministry of Finance, the State Bank; leaders of a number of units under VSS and Vietcombank.

The two leaders signed the agreement

VSS Deputy General Director Le Hung Son said, in order to best serve people and businesses, VSS has issued a decision on connecting bilateral electronic payments with 5 commercial banks. To implement this decision, since the end of 2019, VSS and Vietcombank have successfully built and connected the bilateral electronic payment system and managed cash flow nationwide. Currently, the system has been operating excellently, implementing services and utilities to help individuals and organizations pay social insurance premiums through electronic channels. The signing of the agreement is a significant milestone, which recognizes the cooperation efforts between VSS and Vietcombank in recent years; At the same time, it opens new opportunities for stronger and more comprehensive cooperation between the two units in the coming time.

Sharing at the signing ceremony, Vietcombank General Director Pham Quang Dung affirmed the importance of cooperating with the VSS to implement bilateral connections and electronic payment as the target audience of the Social Insurance Industry is huge, including the entire population and the employees. Vietcombank committed to invest all resources to well perform this coordination and connection in order to bring more benefits to individuals and organizations participating in social insurance and health insurance, especially in the field of electronic transactions.

The agreement between VSS and Viecombank consists of 4 chapters and 25 articles, specifying the scope, object and method of implementing the bilateral electronic payment connection to the operation of revenue, expenditure and management of cash flow between the VSS system and Vietcombank system./.