Each Vietnamese person is using more than 1 bank card.

According to recently released figures from the State Bank, as of the first quarter of 2016, for the first time the total number of cards in circulation in the Vietnamese banking system reached over 100 million.

Thus, on average, each Vietnamese person is using more than 1 bank card. Besides cards, many other non-cash payment methods are also being used more widely.

Transactions by ATM card (Illustration photo)

The use of electronic payments in Vietnam during the 2011-2015 period contributed 880 million USD to GDP growth, according to a recent announcement by a global payment technology company.

According to VnEconomy/VTV