Inter-bank electronic payment turnover accelerated to VND73 quadrillion (US$3.2 trillion) in 2018, equal to 13 times the country’s GDP, according to Pham Tien Dung, director of the State Bank of Viet Nam (SBV)’s Payment Department.
As many as 72 per cent of Vietnamese fintech companies were opting to co-operate with local banks instead of competing, according to Le Anh Dung, director of the Payment Department under the State Bank of Viet Nam.
The State Bank of Viet Nam (SBV) will deal strictly with credit institutions if people cannot withdraw money from their ATM in the months approaching Tet (Lunar New Year) holiday.
