Vietnam targets 95 per cent of its population aged 15 and above to own bank accounts, the Government News quoted the draft National Financial Inclusion Strategy for the 2026-2030 period as reporting on March 12.
Other goals include the value of non-cash payments reaching 30 times higher than the nation's GDP, at least 30 per cent of adults having savings deposits, and at least 300,000 small and medium-sized enterprises (SMEs) having outstanding loans at credit institutions.
Meanwhile, during 2026-2030, Vietnam aims that outstanding credit for agricultural and rural development will account for at least 25 per cent of total credit while at least 75 per cent of adults will have credit history information.
In addition, insurance industry revenue is projected to reach 3.3–3.5 per cent of the nation's GDP.
Under the draft strategy, priorities will be given to:
(1) People living in rural, remote, border, and island areas;
(2) Poor households, near-poor households, low-income households, and middle-income households;
(3) Pupils and students;
(4) SMEs, cooperatives, business households, small and micro enterprises and business households and enterprises run by youth, women, vulnerable groups, ethnic minorities, and people in mountainous, border, and island areas;
(5) Developing synchronized, inclusive, and comprehensive strategic infrastructure, aligned with priority groups; and
(6) Promoting digital transformation, green transformation, and structural transformation in the implementation of the strategy.
As of the end of February this year, nearly 87 per cent of Vietnamese adults (aged 18 and above) currently own bank accounts, exceeding the set targets by 3-8 per cent, according to the State Bank of Vietnam.
Around 71 per cent of people aged 18 and above have credit history information, meaning they have conducted transactions, such as payments or loans, within the banking system.
Around 33 per cent of adults had savings deposits over the past 12 months.
Loans for agriculture and rural development accounted for about 24 per cent of total outstanding credit in the 2020-2025 period.
The number of non-cash payment transactions has increased by nearly 59 per cent annually, more than double the planned target.
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