“Non-cash payment is not just a transaction method but a strategic foundation connecting all components of the digital economy,” an official from State Bank of Vietnam's payments department told the media during a press conference on the launch of HCM City’s Cashless Day programme.
Cashless Day 2025, which will run from now to July, is aimed at promoting smart payment solutions and national digital transformation. (Photo: laodong.vn)
HCM City (VNS/VNA) - “Non-cash payment is not just a transaction method but a strategic foundation connecting all components of the digital economy,” an official from State Bank of Vietnam's payments department told the media during a press conference on the launch of Ho Chi Minh City’s Cashless Day programme.
The programme, with the theme "Cashless Payment for Digital Economy Promotion," seeks to encourage non-cash payment adoption, enable a sustainable cashless ecosystem and contribute to digital transformation in the country.
The event will run until July with game shows, workshops and shopping promotions.
A highlight is the "Ting Ting Day" festival on Nguyen Hue pedestrian square in District 1 on June 6, showcasing payment technology experiences, mini-games, workshops, and digital transaction security solutions.
The programme is expected to draw 50,000 people and over 50 million online transactions.
According to the central bank's payments department, non-cash payments were worth 295.2 quadrillion VND in 2024, or 26 times the country's GDP.
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In the first quarter of this year, non-cash transactions increased by 44.43% year-on-year.
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As of March, the country had 30.27 million active e-wallets with over 2.8 trillion VND and 47 e-wallet providers.
⛎ The event was organised by the State Bank of Vietnam, Tuoi Tre (Youth) newspaper, the HCM City Department of Industry and Trade, and National Payment Corporation of Vietnam./.
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