95% population aged above 15 to have bank accounts
VGP - Viet Nam targets 95 percent of the population aged 15 and above to own bank accounts, according to the draft National Financial Inclusion Strategy in the 2026-2030 period.
Other goals include the value of non-cash payments reaching 30 times higher than the nation's GDP, at least 30 percent 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, Viet Nam aims that outstanding credit for agricultural and rural development will account for at least 25 percent of total credit while at least 75 percent of adults will have credit history information.
In addition, insurance industry revenue is projected to reach 3.3–3.5 percent of the nation's GDP.
Under the draft strategy, priorities will be given to:
(1) People living in rural, remote, border, and island areas;
(2) Poor households, near-poor households, middle-income households, and low-income households;
(3) Pupils and students;
(4) 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;
(5) Developing synchronized, inclusive, and comprehensive strategic infrastructure, aligned with priority groups;
(6) Promoting digital transformation, green transformation, and structural transformation in the implementation of the strategy.
By end of February this year, nearly 87 percent of Vietnamese adults (aged 18 and above) currently own bank accounts, exceeding the set targets by 3-8 percent, reported the State Bank of Viet Nam.
Around 71 percent of people aged 18 and above have credit history information, meaning they have conducted transactions, such as payments or loans, within the banking system.
Around 33 percent of adults had savings deposits over the past 12 months.
Loans for agriculture and rural development accounted for about 24 percent of total outstanding credit in the 2020-2025 period.
The number of non-cash payment transactions has increased by nearly 59 percent annually, more than double the planned target./.
