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Update news cashless payment
2025 cashless payment value nearly 28 times GDP
The 2025 cashless payment value in Vietnam was estimated at about 28 times the country’s GDP, far exceeding Government targets, according to a report released by the State Bank of Vietnam (SBV) on February 2.
New corporate tax rule: No cash wages over VND5 million
From December 15, 2025, any wage or salary payment of VND5 million or more must be made via cashless methods to qualify as deductible business expenses.
Digital payments surge, QR code transactions jump over 150%
Digital payments in Vietnam have continued to expand rapidly, with QR code transactions soaring by more than 150% in value, according to a report released by the State Bank of Vietnam (SBV) on October 29.
Efforts urged to promote cashless payment
Relevant authorities are requested to swiftly implement measures to encourage non-cash transactions, enhance direction and guidance, and conduct widespread communication campaigns to promote cashless payments.
