Vietnam’s recorded 5.5 billion cashless transactions in Q1 2025 with 82 percent via digital channels, according to Nguyen Hung Nguyen, Deputy General Director of Vietnam National Payment Joint Stock Company (NAPAS) and reported by VN Express→view source.

Other key details include:

Transaction value: VND 40 million billion processed across all digital methods.
Growth rate: Contactless payments grew at a 92 percent CAGR (Q4 2022–Q4 2024).
Bank access: 87 percent of adults have bank accounts; interbank systems process VND 820 trillion daily.
POS adoption: 60 percent of POS transactions are now cashless, including e-wallets and cards.

Vietnam’s cashless payment landscape is undergoing rapid transformation.

Backed by government policy and increasing consumer trust, this shift opens significant opportunities for foreign firms in fintech, payments infrastructure, digital wallets, and public transit integration.

With 87 percent of adults holding bank accounts and 60 percent of POS transactions now cashless, Vietnam is becoming a key growth market for digital finance solutions.

At the same time, growing risks around cybercrime and online fraud are creating urgent demand for security, compliance, and fraud detection tools.

This creates space for foreign cybersecurity firms, regtech providers, and digital banking specialists to offer high-value services and forge partnerships in a market undergoing fast digital convergence.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.