The banking system processed more than 17.8 billion non-cash payment transactions with a total value of over VND260 quadrillion (nearly $10 trillion) in the first nine months of 2025.

The State Bank of Vietnam (SBV) has unveiled its Banking
Sector Digital Transformation Strategy to 2030, setting an ambitious goal of
increasing the value of cashless payments to 30 times the country’s GDP by the
end of the decade.

Currently, non-cash payment value in Vietnam is equivalent to roughly 20 times  its GDP.

Under the strategy, the banking sector also aims for 95% of
citizens aged 15 and older to hold a transaction account at a bank or licensed
financial institution by 2030.

The SBV said the overarching objective is to provide banking
services that are convenient, smart, user-friendly, easily accessible,
multi-channel, multi-device compatible, and secure — thereby improving financial
wellbeing for individuals and enhancing operational efficiency for businesses.

In the first nine months of 2025, the banking system
processed more than 17.8 billion non-cash payment transactions with a total
value of over VND260 quadrillion (nearly $10 trillion), marking increases of 43.23%
in volume and 24.23% in value year-on-year. About 87% of the adult population
currently has a payment account.

VnEconomy-Hoàng Lan