Ha Noi continues to roll out initiatives for cashless payment
VGP – The Ha Noi People’s Committee has just issued Official Dispatch No. 4565/UBND-KT regarding the implementation of Directive No. 124/CD-TTg dated July 30, 2025, from the Prime Minister.
Cashless payment becoming more popular in Ha Noi
Implementing Directive No. 124/CD-TTg dated July 20, 2025, issued by the Prime Minister on promoting cashless payment, the Ha Noi People’s Committee has requested departments, agencies, and People’s Committees of wards and communes to urgently carry out solutions to encourage cashless payment.
At the same time, direction, guidance, and public communication are to be strengthened, and legal violations strictly addressed in accordance with Directive No. 124/CD-TTg.
The State Bank of Viet Nam – Region I Branch is tasked with proactively coordinating with relevant units and advising the Ha Noi People’s Committee on measures to promote cashless payment in line with its jurisdiction and legal regulations.
Previously, Deputy Prime Minister Ho Duc Phan, on behalf of the Prime Minister, signed Directive No. 124/CD-TTg dated July 30, 2025, addressing ministries, agencies, and local authorities on the promotion of cashless payment.
The Deputy Prime Minister instructed ministries, sectors, and local authorities to promptly implement initiatives to promote cashless payment; strengthen leadership, guidance, and public awareness to further advance its development; ensure that the payment needs of citizens and businesses are met; prevent tax evasion and criminal activity; and strictly handle any violations of the law.
Ha Noi has set a target for cashless payment transactions to grow at an annual rate of 20–25 percent by 2025, with the further goal of the digital economy contributing approximately 30 percent of the city’s GRDP by 2030.
As part of the digitalization plan for building a Ha Noi smart city by 2025, with a vision toward 2030, the city has directed the promotion of cashless payments across all sectors.
At the same time, the development of electronic invoices and e-receipts is to be effectively implemented. Banks and financial institutions operating in the city are encouraged to accelerate innovation and provide safe, convenient cashless payment services that deliver tangible benefits and value to citizens and businesses./.
