The 2025 cashless payment value in Vietnam was estimated at about 28 times the country’s GDP, far exceeding Government targets, according to a report released by the State Bank of Vietnam (SBV) on February 2.

From December 2, Chinese visitors to Vietnam can use their familiar mobile payment apps to scan VIETQR Global codes and make direct payments at shopping, dining and tourist locations nationwide.

VOV.VN - The central banks of Vietnam and Laos have launched a cross-border QR code payment system, facilitating seamless transactions between the two nations.

Cashless payment activities and the digital transformation of the banking sector is continuing to achieve positive results.

Up to 77.41% of the adults in Vietnam have payment accounts at present, an increase from 31% during the 2015 - 2017 period, an official of the State Bank of Vietnam (SBV) cited a World Bank report as saying.

President Nguyen Xuan Phuc has described businesses as "heroes" in the economic sector, who will bring trade revenue between Vietnam and Thailand to US$30 billion by 2025.