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The Prime Minister has issued Directive No. 22/CT-TTg figuring out measures to accelerate the implementation of a scheme on development of non-cash payment in Viet Nam.
On December 30, 2016, the Government has issued Decision No. 2545/QD-TTg approving a scheme on development of non-cash payment for the period of 2016-2020 with an ambitous goal of slashing the ratio of cash to total payment instruments to below 10%.
Under the scheme, the Government targeted installment of more than 300,000 card readers at points of sales (POS) to process around 200 million transactions annually in the market by 2020.
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