Vietnam enhances regulatory framework for cashless payments


A woman rides a motorbike past the State Bank of Vietnam in Hanoi on February 25, 2025. (Photo by Nhac NGUYEN / AFP)

HO CHI MINH CITY: Vietnam is strengthening its regulatory framework and policies to promote cashless payments as part of a broader strategy to develop a more digital economy.

Speaking at a seminar in Ho Chi Minh City on Saturday, Deputy Prime Minister Ho Duc Phoc emphasised the growing role of cashless transactions in everyday life – from paying for tuition and medical care to shopping.

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