The information was released by the State Bank of Vietnam, in coordination with Tuoi Tre (Youth) Newspaper, and the Vietnam E-commerce Association (VECOM) on June 14.

The event also aims to contribute to achieving the goals set by the national financial inclusion strategy 2025, with a vision towards 2030.

Following its success in 2019 and 2020, Cashless Day 2021 will be held with the support of banks, credit institutions, payment intermediaries, Fintech, and manufacturing, export and service enterprises.

The event also aims to contribute to achieving the goals set by the national financial inclusion strategy 2025, with a vision towards 2030.

Data from the State Bank of Vietnam shows that the number of non-cash transactions has been on the rise in Vietnam during the pandemic. Internet payments increased 65.9% in volume and 31.2% in value year-on-year in the first four months of 2021.

Mobile and QR Code payments have been seeing much higher year-on-year growth, with increases of 86.3% in volume and 123.1% in value, and 95.7% in volume and 181.5% in value, respectively.

Bac Giang: Businesses not allowed to take pandemic as reason for delaying insurance premium payment

(BGO) - In 2020, Bac Giang province saw local businesses owing social, health and unemployment insurance premiums. The provincial social insurance agency has actively controlled the situation, not letting businesses take the Covid-19 pandemic as the reason for delaying premium payment.

Social media payment apps test Vietnamese waters

Social payment, or money transfer via social media, is entering an early development stage in Vietnam as new players step in.

Online shopping and electronic payments increase in popularity

Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts. 

Bac Giang accelerates cashless payment

(BGO) – After reviewing the proposal from the Bac  Giang branch of State Bank, the People’s Committee in the northern province of Bac Giang has issued document to urge the acceleration of cashless payment service.

Source: NDO