Non-cash payments in Vietnam rose sharply in 2025, reaching a total equivalent to 28 times the country’s GDP, according to the State Bank of Vietnam.
Vietnam's 2025 GDP size stood at $514 billion.
The number of non-cash transactions increased 42.21%, while total transaction value climbed 22.65% year-on-year.
Strong growth was recorded across all modern payment channels. Internet-based transactions surged 53.95% in volume and 35.75% in value, while mobile phone payments rose 36.62% in volume and 20.07% in value.
QR code payments saw the most dramatic increase, jumping 50.94% in transaction volume and an impressive 124.06% in value, underscoring their rising popularity for fast and convenient transactions.
Meanwhile, the interbank electronic payment system reported a 6.07% increase in transaction volume and a 56.55% surge in value. Transactions processed through financial switching and electronic clearing systems grew 24.33% in volume and 7.71% in value.
In contrast, ATM transactions declined 17.30% in volume and 6.02% in value compared to the previous year, highlighting a clear shift away from cash withdrawals as digital payments become increasingly widespread.
Google translate