Improve access to banking services, SBV urges
Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh has asked the banking sector to enhance efforts to improve access to banking services for the economy.
The burden of providing capital for the economy was mainly on the shoulders of the banking system, which must be shared by the securities and insurance markets, Hoe said.
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By 2020, there will be 30,000 ATMs nationwide (or 40 booths per 100,000 adults) and 300,000 points of sale (POS) (400 POS per 100,000 adults).
Notably, under the project, some 50%-60% of existing small and medium-sized enterprises could access banking credit.
“A number of measures must be implemented in three phases, including increasing services types and qualities, distribution network and the frequency of using services,” Pham Duc Tuan, Deputy Director of Agribank, said.
Deputy Governor Anh at the conference asked commercial banks to develop detailed plans to successfully implement project 1726.
The central bank’s statistics show that the banking sector currently has more than 9,780 branches across the country, nearly 17,000 ATMs and more than 222,800 POSs. More than 60 credit institutions provide internet banking and 35 provide mobile banking services, till date.
The number of personal banking accounts soared rapidly to 36.77 million in 2015, 15 times higher than 2004.
