VietnamToday-Mar 12
Vietnam targets 95 per cent of its population aged 15 and above to own bank accounts, said the Government News quoting the draft National Financial Inclusion Strategy for the 2026-2030 period on March 12. Other goals include the value of non-cash payments reaching 30 times higher than the nation’s GDP, at least 30 per cent of adults having savings deposits, and at least 300,000 small and medium-sized enterprises (SMEs) having outstanding loans at credit institutions. Meanwhile, during 2026-2030, Vietnam aims that outstanding credit for agricultural and rural development will account for at least 25 per cent of total credit while at least 75 per cent of adults will have credit history information. In addition, insurance industry revenue is projected to reach 3.3–3.5 per cent of the nation’s GDP. Under the draft strategy, priorities will be given to people living in rural, remote, border, and island areas; poor households, near-poor households, low-income households; middle-income households; pupils and students and SMEs, cooperatives, business households, small and micro enterprises and business households and enterprises run by youth, women, vulnerable groups, ethnic minorities, and people in mountainous, border, and island areas; developing synchronized, inclusive, and comprehensive strategic infrastructure, aligned with priority groups; and promoting digital transformation, green transformation, and structural transformation in the implementation of the strategy.
Read more at: https://en.vneconomy.vn/vietnam-targets-95-of-population-aged-15-and-above-to-have-bank-accounts.htm
