According to the State Bank of Vietnam, in recent times, digital transformation activities in the banking sector have achieved encouraging results, contributing to the overall development of the economy .
The legal corridor to promote digital transformation of banking activities has been completed; the infrastructure serving digital transformation of the banking industry has been focused on investment, upgrading, and development; many friendly banking products and services with rich utilities, bringing practical value, meeting the diverse needs of customers; many basic operations of the banking industry have been completely digitized.
Banking industry databases have been deployed synchronously, effectively, connected and shared with many national and specialized databases.
Non-cash payment activities are widely deployed and have made great strides. The value of non-cash payments in 2024 will reach over 295 million billion VND, 25 times higher than GDP.
The proportion of adults with payment accounts has reached 87%, exceeding the target of 80% by 2025. About 80% of pensioners, social insurance and unemployment benefits in urban areas are paid through accounts.
Source: https://baobinhphuoc.com.vn/news/4/173443/the-value-of-payment-without-using-cash-in-2024-is-25-times-GDP-25
![[Photo series] Many Dong Nai products participate in the Southern Fruit Festival in 2025](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/6/1/dacb19003cee4155a6945db67914d9cf)
Comment (0)