Vietnam raises pension payments by 8% for 3.4 million retirees in July

Effective 1 July, Vietnam’s government issued Decree 162/2026/ND‑CP to increase monthly pension, social‑insurance and allowance payments by 8% compared with June. The adjustment will benefit roughly 3.4 million retirees nationwide and is funded by an additional VND 10.773 trillion from the Social‑Insurance Fund and the state budget.

Pension transfers are normally scheduled before the 5th of each month. Because 5 July falls on a Sunday, the actual credit date may shift to the next working day. For beneficiaries who still receive cash through the postal system, the Social‑Insurance Agency and Vietnam Post have set a two‑step disbursement schedule. Authorities urge retirees to verify personal data, especially identity‑card information, and allow authorized relatives to collect payments if the pensioner cannot do so in person.