State Bank of Vietnam’s Region 9 branch sets out steps to accelerate cashless payments in Da Nang

The State Bank of Vietnam’s Region 9 branch participated in a Da Nang City conference on promoting cashless payments, framing wider non-cash payment adoption as a driver of transaction transparency and reduced cash circulation and as an enabler for digital government and a digital society. The branch indicated it will continue directing commercial banks in the area to expand cashless payment products and services and to invest in and apply information technology in payments to support safe, fast and uninterrupted payments for individuals and businesses. The update was accompanied by local adoption metrics: as of 30 June 2025, Da Nang had about 3,538,979 active payment cards, 821 ATMs (up 5% versus end-2024) and 82,045 merchant acceptance points, including 9,334 POS/EFTPOS/EDC terminals (up 15% versus end-2024). Active payment accounts totalled about 5,006,403 (4,904,066 personal and 102,337 organisational). In the first half of 2025, non-cash payments reached about 307,575,269 transactions with a value of around VND 17,692 trillion, reported as 21 times higher than the same period in 2022, with Internet Banking, Mobile Banking and QR code payments accounting for about 71% of bank payment transaction volumes; the conference also noted persistent cash use in education, healthcare, public administrative services and traditional markets. Da Nang’s People’s Committee assigned the State Bank of Vietnam’s Region 9 branch to lead coordination with municipal departments to expand cashless payments, particularly across taxes, education, healthcare, insurance and public administration.