Banking sector to promote digital economy and digital society

The State Bank of Vietnam (SBV) has approved planning for the banking sector to implement the national strategy to develop the digital economy and digital society to 2025 and orientation to 2030. The plan sets out eight specific tasks, including developing digital payments towards financial inclusion; promoting non-cash payments; increasing the proportion of online activities so they account for at least 50 per cent of the banking sector’s activities; and developing and using digital platforms, digital data, and digital businesses, etc.