“Non-cash payment is not just a transaction method but a strategic foundation connecting all components of the digital economy,” an official from State Bank of Vietnam's payments department told the media during a press conference on the launch of HCM City’s Cashless Day programme.
Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
Up to 77.41% of the adults in Vietnam have payment accounts at present, an increase from 31% during the 2015 - 2017 period, an official of the State Bank of Vietnam (SBV) cited a World Bank report as saying.
A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
Non-cash payment transactions witnessed a significant surge in the first two months of this year, indicating a notable shift in customers’ behaviour towards modern financial services.
A workshop to help Canadian businesses better understand about the Vietnamese market was held in both online and in-person format in Vancouver by the Vietnam-Canada Business (VCB) Association on February 18.
Traders at Ha Long 1 and Ha Long 2 markets in the northern coastal province of Quang Ninh are now able to go cashless as they can use digital payment services in a 4.0 market model introduced in early July.
The Hanoi Department of Industry and Trade held a cashless payment event on July 21 with a view to helping fuel e-commerce, technology application and digital transformation.
Traders at wet markets in the central city of Da Nang are now able to go cashless as they can use e-wallet mobile app Viettel Money under a 4.0 wet market model introduced on April 8.
With a few clicks on an e-wallet platform installed on her mobile phone, Do Nhu Hoa, a 38-year-old office worker in Hanoi, can easily pay for her electricity and water bills.
A host of events and activities will be held virtually on Cashless Day 2021 (June 16) to raise public awareness of non-cash payment and contribute to achieving goals set by the national financial inclusion strategy by 2025, with a vision towards 2030.
The VnEconomy magazine under the Vietnam Economic Association hosted a ceremony in Hanoi on December 12 to honour top 100 excellent products and services which are trusted and used by consumers.
Over the past years, the Vietnamese Government has kept promoting non-cash payment with domestic or international credit cards and debit cards such as Mastercard, and launched e-wallet models.
Promoting non-cash payment, digital banking, and green banking is the direction of the banking sector in the 2020-2025 tenure, State Bank Governor Le Minh Hung told a meeting in Hanoi on August 17.
