Implementing the policies of the Party and State in bringing social security expenditures from the state budget/socio-political organizations to the people, some banks such as BIDV, LPBank, TPBank, Vietcombank, VietinBank, Agribank ,... have just provided instructions for customers to link social security accounts on the VNeID application.

According to the banks' instructions, with just a few steps on the VNeID application, people can register to receive social security money quickly, safely and officially through an account opened at the bank.

Accordingly, if people already have a bank account:

First step in VNeID application, click on “Social Security”.

Step two, select “Social Security Account”.

Step three, enter passcode, select Bank, enter bank account number.

After completing the above three steps, people have completed and can wait for approval to receive money directly into their bank account.

In case people do not have a bank account, they can register to open an account by downloading the banking application. Then return to the above steps to complete the registration procedure.

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From July 1, 2024, the standard social assistance level will increase from VND 360,000 to VND 500,000/month, equivalent to an increase of 38.9%.

Data from the Ministry of Labor, War Invalids and Social Affairs (formerly) shows that the whole country has about 3.356 million people, accounting for about 3.356% of the population, receiving monthly social benefits in the community.

This figure includes 1.4 million people receiving benefits for the elderly, 1.6 million people receiving benefits for the disabled, 21,000 children without a source of support, 146,000 children under 3 years old, 84,000 single parents with children under 16 years old, and more than 349,000 households caring for and supporting people with severe disabilities and social protection beneficiaries.

Every year, the state budget has allocated more than 27,000 billion VND to implement social assistance policies and issue health insurance cards to social protection beneficiaries.

Source: https://vietnamnet.vn/loat-ngan-hang-huong-dan-cach-lien-ket-tai-khoan-huong-an-sinh-xa-hoi-tren-vneid-2437132.html