Deputy Prime Minister Ho Duc Phoc has just signed Official Dispatch No. 124/CD-TTg dated July 30, 2025 of the Prime Minister to ministries, branches and localities on promoting cashless payments.
The dispatch stated that in recent times, the Government and the Prime Minister have issued many drastic, timely and effective instructions to the State Bank of Vietnam, relevant agencies, and credit institutions on promoting non-cash payments, including Decision No. 1813/QD-TTg on approving the Project on developing non-cash payments for the period 2021-2025.
However, recently, cash payment activities have shown signs of increasing, negatively affecting the economy, causing waste of resources, and may be exploited for tax evasion, money laundering and illegal activities.
To continue developing cashless payments in accordance with the set goals and solutions, the Deputy Prime Minister requested ministries, ministerial-level agencies, agencies under the Government, People's Committees of provinces and centrally run cities according to their assigned functions, tasks and authority to urgently implement solutions to promote cashless payments.
Strengthen direction, guidance, and propaganda to continue promoting the development of cashless payments, ensuring to meet the payment needs of people and businesses, saving resources, preventing tax losses and crimes; strictly handling violations of the law.
The Ministry of Finance, under its authority, shall preside over and coordinate with relevant ministries and agencies to strengthen inspection, examination and close supervision of state budget payment activities, tax collection and payment according to regulations.
Checking compliance with legal regulations on invoices and documents for payment for purchase and sale, transactions of goods and services as prescribed in the Law on Value Added Tax, Decree No. 181/2025/ND-CP detailing the implementation of a number of articles of the Law on Value Added Tax.
Timely handle violations according to regulations, especially for organizations, units, and individuals who intentionally pay in cash to evade taxes and violate the law.
The State Bank of Vietnam, under its authority, shall preside over and coordinate with relevant ministries and agencies to urgently deploy tasks and solutions to promote the development of non-cash payments.
Organize a summary of the implementation of the Project on developing non-cash payments for the period 2021-2025 in accordance with the provisions of Decision No. 1813/QD-TTg, report to the Prime Minister before December 1, 2025.
It clearly states the results of implementing each set goal and solution, fully identifying difficulties and obstacles; recommending, proposing specific solutions and instructions of the Prime Minister to relevant agencies to continue promoting the development of non-cash payments.
At the same time, strengthen inspection, examination, supervision, and money laundering prevention in banking activities; promptly warn, detect, and strictly handle violations of the law, money laundering, and payment that are not in accordance with regulations. Continue to strengthen the development of payment infrastructure and technology to promote cashless payments.
Direct credit institutions to urgently and continue developing the supply of products and services to promote cashless payments; increase investment and apply information technology in the payment sector, creating the best conditions for customers, people and businesses to pay safely, quickly and smoothly.
