According to the State Bank of Vietnam – Hoa Binh branch, most business and service stores in Hoa Binh city currently accept non-cash payment. Photo taken at Bao Anh store, Bac Tran Hung Dao urban area, Hoa Binh city. 

Non-cash payment helps limit the amount of cash in circulation, reduce social costs, expand space, and shorten time for the process of buying and selling goods and services. 

In the medical field, non-cash payment activities have achieved many positive results. According to a representative of the provincial General Hospital, since the beginning of this year, thousands of patients have made non-cash payments, a year-on-year increase of over 20%. This modern form of payment helps patients shorten waiting times, and reduces human resources making payments to the hospital. 

Over the past years, the State Bank of Vietnam – Hoa Binh branch (SBV Hoa Binh) has directed local credit institutions to continue implementing solutions to promote digital transformation, with focus on expanding non-cash payments. As a result, non-cash payment activities continue to achieve positive results, especially in the fields of health, education and social security. 

To date, nearly 661,000 people, equivalent to over 75% of the province’s population, have had transaction accounts at banks or other licensed organisations. The total number of ATMs in operation is 73, and the total number of point of sale (POS) machines is 492. The rates of customers paying electricity and water bills through banks are over 75% and 58.6%, respectively. And 100% of educational institutes in the province have established a non-cash tuition fee collection system; however, the collection of tuition fees without using cash has reached only 21.2%. 

According to a representative of SBV Hoa Binh, the sector continues to direct commercial banks in the locality to improve service quality and effectively operate the non-cash payment equipment system; strengthen inspections and strictly handle violations in complying with the provisions of law and the State Bank of Vietnam; upgrade infrastructure and equipment quality. It will also coordinate with local press agencies to regularly update measures to identify risks, and prevent and handle violations in cashless payment activities.

Related Topics

Traditional craft villages drive economic growth in rural areas

Kim Boi district applies digital technology to social security services

Positive signs seen in socio-economic landscape in first month of 2025

Market remains stable after Lunar New Year

---

Workers excited to return to work after Tet

After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.

Sweet, fragrant red grapefruit of Tan Lac

Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness

Business association pledges support for local firms

The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.

Hoa Binh focuses on rural transportation infrastructure development

Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.

Two products in Hoa Binh have been recognized as “National OCOP products”

The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).

Bustling Tet market

As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.