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digital transformation of banks
Latest news updates related to digital transformation in banking.
Banking sector in 2025: Credit growth of 17.87%, breakthrough in digitalization.
By 2025, the banking sector is projected to reach 18.4 million billion VND in credit, see a 42.34% increase in cashless payments, and successfully establish QR code connectivity with four countries in the region.
Market
Digital payments in Vietnam have grown hundreds of times in the past 20 years.
Over the past 20 years, the Payment Department (State Bank of Vietnam) has built infrastructure and issued policies that have helped QR code transactions increase 700 times and mobile transactions increase 280 times, creating a foundation for the digital economy.
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