Deputy Prime Minister Hồ Đức Phớc: “Cashless Payments Are an Irreversible Trend”

Speaking at the "One Touch - A World of Trust" Wave Festival on October 18th, Deputy Prime Minister Ho Duc Phoc emphasized that cashless payments are an inevitable trend of the times, an irreversible step in the journey towards building a modern, safe, and digital green economy.

0
40

During his visit to the Wave Festival, the centerpiece of Vietnam Card Day 2025 organized by Tien Phong Newspaper and Napas, the Deputy Prime Minister expressed his profound sense of “the pulse of a Vietnam striving boldly to achieve its vision of strength and prosperity in the new era.” Beyond being a celebration for the youth, the event serves as a platform for leaders, managers, and the community to witness the remarkable strides of the banking and finance sector in the nation’s digital transformation journey.

According to the Deputy Prime Minister, the figures recorded at the event vividly illustrate the emerging consumer trends. Hundreds of thousands of cashless technology experiences and tens of millions of social media engagements underscore the growing popularity of digital payments, synonymous with convenience, security, and public trust.

He emphasized that Vietnam Card Day 2025 coincides with the culmination of the five-year plan for non-cash payment development (2021-2025), amplifying the campaign’s significance. This success contributes to the National Comprehensive Finance Strategy by 2025, with a vision for 2030, aiming for at least 80% of adults to have non-cash transaction accounts, growing at an annual rate of 20-25%.

The Deputy Prime Minister praised the slogan “One Touch – A World of Trust” as a seamless blend of technology and trust, reflecting the government’s commitment to safeguarding users and businesses through an increasingly robust legal framework and security infrastructure. “Non-cash payments are an irreversible trend, a mainstream current in all economic activities that Vietnam has swiftly embraced,” he stated.

The Deputy Prime Minister tours and experiences the booths – Photo: VGP/Trần Mạnh

The Deputy Prime Minister affirmed the government’s support and encouragement for Vietnam Card Day as a tangible initiative to realize resolutions on scientific, technological, and private economic development. He expressed confidence that with the innovative spirit of the people, businesses, and especially the pioneering youth, Vietnam will soon achieve its goal of building a digital, green, modern, secure, and sustainable economy in the new era.

To further promote non-cash payments, the Deputy Prime Minister urged the banking and finance sector to intensify technology infrastructure investment, expand electronic payment acceptance points across all business sectors, and enhance security to maximize customer protection. He also highlighted the importance of international connectivity, digital workforce training, and raising societal awareness about modern payment methods.

Concluding his speech, the Deputy Prime Minister extended his wishes for Vietnam Card Day 2025 – Wave Festival to continue spreading the spirit of “One Touch – A World of Trust,” becoming a symbol of digital trust and civilized consumption trends across the nation.

Tu Kinh

– 10:00 19/10/2025

You may also like

UAE Conglomerate to Invest $2 Billion in AI Data Center Development in Ho Chi Minh City

The Director of the Department of Science and Technology of Ho Chi Minh City, Lam Dinh Thang, revealed that the city’s government is actively transitioning to a data-driven governance model, leveraging multiple digital platforms to achieve this transformation.

Secretary-General: Rejecting ‘Term-Based Thinking’ and ‘Clinging to Local Interests’

Emphasizing the rejection of ‘term-limited thinking,’ ‘clinging to parochial interests,’ and the lack of courage to think, act, or innovate, General Secretary Tô Lâm stated: “Those who fall into these conditions without rectifying them must be promptly replaced.”

EXIMBANK Shines with Two Prestigious Awards at APEA 2025

On October 9, 2025, Eximbank was honored at the Asia Pacific Enterprise Awards (APEA) 2025 with two prestigious accolades: the Corporate Excellence Award and the Fast Enterprise Award.

Breaking News: Ho Chi Minh City Police Issue New Driver’s License Update

The Ho Chi Minh City Traffic Police Department has issued a new announcement regarding outdated driver’s licenses.

Accelerating Digital Transformation: NCB Triumphs at Global Banking & Finance Review 2025

National Citizen Commercial Bank (NCB) has been honored with three prestigious technology awards by Global Banking & Finance Review (UK), recognizing its significant strides in comprehensive digital transformation, elevating customer experience, and leading the way in the era of digital finance.