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.
The Government’s policy of a five-month extension for tax payment deadlines did not attract a large number of firms.
The total value of cashless transactions jumped six times in the first half this year against the same period of 2019.
Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.