Central bank data also suggests Vietnamese are gradually moving away from cash. The report said that last year, the interbank electronic payment system processed 20-25 million cashless transactions every day.
About 87% of adults have at least one bank account, already above the 2025 target of 80%. The central bank said cashless payments grew by more than 50% last year. Transactions via mobile phone have doubled and transactions via the website have increased by 50%.
More than 49% of the population makes non-cash payments. A survey released in March by payments company Visa found that 56% of Vietnamese carried less cash last year than in 2022.
