Vietnam’s push for a cashless society welcome: Nokia treasurer

Vietnam is implementing a plan to improve and increase non-cash payments by 2020, which will make clearing and settlements, electronic payments, FX inter-bank markets more efficient, treasurers argue.

By Mark Agnew

Apr 11, 2017

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The State Bank of Vietnam (SBV) is putting more pressure for the banking industry to be ready to move towards a cashless society by 2020. The central bank announced on March 31 it needs it entities to implement more detailed ongoing plans to facilitate non-cash payments and to submit annual progress reports.

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