The State Bank of Vietnam reported that the Party Committee of Vietnam National Payment Corporation (NAPAS) held its second congress for the 2025-2030 term, with Deputy Governor Pham Tien Dung attending and providing direction on NAPAS’s priorities for the period. The congress also elected the NAPAS Party Executive Committee for 2025-2030 and selected delegates to attend the State Bank of Vietnam Party Congress for the same term. The update highlighted NAPAS’s role in supporting Vietnam’s 2021-2025 cashless payments programme, including a shift from ATM cash withdrawals towards faster transfers and QR-based payments. NAPAS 247 fast transfers accounted for 93.6% of total transactions in 2024, alongside ongoing rollout of products such as contactless payment cards and VietQR. For 2025-2030, NAPAS set directions including expanding domestic and international connectivity and applying AI and Big Data to strengthen monitoring and risk prevention, while the Deputy Governor emphasised strengthening technology capacity, operating a seamless and safe payment system, and enhancing staff training.
State Bank of Vietnam 2025-06-10
State Bank of Vietnam deputy governor sets priorities for NAPAS to enhance technology and payment system security at its 2025-2030 congress
The State Bank of Vietnam reported on the second congress of the Party Committee of Vietnam National Payment Corporation (NAPAS) for the 2025-2030 term, where priorities were set, and a new Party Executive Committee was elected. NAPAS's role in Vietnam's cashless payments programme was highlighted, with NAPAS 247 fast transfers comprising 93.6% of transactions in 2024. For 2025-2030, NAPAS aims to expand connectivity and apply AI and Big Data for improved monitoring and risk prevention.