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Vietnam plans banks among ASIA's top 100

by VTV413 August 2018 Last updated at 16:00 PM

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Vietnam plans banks among ASIA's top 100
VTV.vn - The Vietnamese banking development strategy till 2025 with vision to 2030 has been approved by the Prime Minister.

Accordingly, Vietnam will accelerate the development of non-cash payments, optimizing the ATM and POS network. The percentage of cash among all means of payment is set to fall below 10 percent by late 2020 and 8 percent by late 2025.

In the next two years, local banks will continue the restructuring process, dealing with bad debts and weak banks to make sure the bad debt ratio stays under 3 percent.