Central Banking

Viet Nam sees increased used of non-cash payments

Non-cash payments have become more popular in Viet Nam, accounting for 79 per cent of all payments at banks in the first six months of the year as against 77 percent in 2003, according to VNA.

Deputy Director of the State Bank of Viet Nam (SBV)'s Department for Monetary Policies Vu Danh Trong was quoted as saying non-cash payments help individuals and businesses save time and money. The project on inter-bank electronic payment has been paying off, helping speed up capital circulation.