Improving institutions, accelerating infrastructure and risk control
The State Bank of Vietnam (SBV) has just announced some outstanding results in non-cash payment activities (TTKDTM) and the implementation of Plan 01/KHPH-BCA-NHNN on implementing tasks in Project 06.
Regarding non-cash payment activities (TTKDTM), Vietnam is recording many positive changes, both in institutional improvement, infrastructure investment and risk control. These results not only contribute to promoting digital transformation in the banking industry but also create favorable conditions for people and businesses to access modern and safe financial services.
Over the past time, the SBV has continuously improved the legal framework for TTKDTM. This agency is studying the amendment and supplementation of Decree 52/2024/ND-CP on non-cash payments, and at the same time developing a draft Circular amending Circular 41/2024/TT-NHNN on supervising important payment systems and payment intermediary services. In parallel, the monitoring and implementation of decrees and circulars is also being promoted to ensure synchronicity and efficiency.
Along with perfecting institutions, the SBV actively implements major projects and plans on digital transformation, including Project 06 and programs to implement Resolution 57-NQ/TW. These policies aim to promote digital banking, create conditions for payment service providers to develop safe and convenient products, and improve system monitoring and security capabilities.
Payment infrastructure continues to be strongly invested in. The interbank electronic payment system operates stably and smoothly, while the electronic switching and clearing system operated by Napas is increasingly expanding its connection with fields such as health, education, transportation, and serving public service payments through the National Public Service Portal. The ATM and POS network covers the whole country, creating a platform for gradually reducing cash use.
Notably, security and payment safety assurance has been strengthened. The SBV has deployed the SIMO system to support management, supervision and prevention of fraud risks. As of March 23, 2026, the system has connected 149 units, recording more than 688,000 suspicious accounts and payment instruments. SIMO has sent warnings to about 3.5 million customers, of which more than 1.1 million transactions have been temporarily suspended or canceled, corresponding to a value of nearly 4,000 billion VND.
This system allows credit institutions to share suspicious data in real time, thereby proactively preventing risky transactions or requesting additional authentication before implementation. This is considered one of the important steps in protecting customers from high-tech fraud.
Digital payments spread, data cleaned up
Electronic payments in the public sector have also achieved many positive results. Currently, 100% of higher education institutions in urban areas have accepted tuition payments through banks; most general schools and kindergartens are also ready to deploy. About 82% of people receiving pensions and social insurance allowances in urban areas receive payments through non-cash methods.
In rural, remote and isolated areas, Mobile Money services continue to be effective. By the end of 2025, the country had more than 11.17 million Mobile Money accounts, of which about 68% belonged to rural and mountainous areas. The total number of transactions reached more than 326 million with a value of about 9,259 billion VND, contributing to expanding comprehensive financial access.
The SBV said that Vietnam has deployed cross-border QR payments with many countries such as Thailand, Laos, Cambodia, China, South Korea, Singapore, creating favorable conditions for tourism and trade transactions.
In the first 2 months of 2026, non-cash payments continued to grow strongly. The number of transactions increased by more than 40%, while transactions via the Internet increased by more than 73% and via mobile phones increased by more than 34%. Transactions via QR also increased by more than 20%. Notably, transactions via ATM decreased in quantity, showing a clear shift to digital payment methods.
The implementation of Project 06 has achieved many remarkable results. By March 2026, the banking industry had biometrically compared more than 151 million individual customer records and 1.82 million organizational records. Data cleaning has also been promoted through coordination with the Ministry of Public Security, helping to improve the accuracy and transparency of the financial system.
In the coming time, the SBV will continue to improve the legal framework, upgrade modern payment infrastructure, promote innovation and build a smart digital ecosystem. At the same time, the work of ensuring security, safety and financial education for people will be strengthened, towards a transparent, convenient and sustainable payment environment.
