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financial inclusion
Update news financial inclusion
Vietnam lacking convenient and low-cost financial services
At the seminar ‘Road map to promote financial inclusion in Vietnam’, Director of the Central Institute of Economic Management (CIEM) Tran Thi Hong Minh said that Vietnam is lacking specific and convenient financial services at low cost.
Mobile money to add up 0.5 ppts to Vietnam economic growth
Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of customers.
PM approves Vietnam national strategy for financial inclusion until 2025
By the end of 2025, Vietnam targets to have at least 80% of adults in the country to have bank accounts and the number of non-cash transactions to expand 20 – 25% annually.
