VISA to help Vietnamese people access financial solutions
VISA expects to become a credible partner for Vietnamese government in facilitating e-payment transactions in Vietnam, according to the company’s CEO.
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![]() Overview of the meeting. Source: VGP.
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In his first ever visit to Vietnam, Kelly said he is impressed with Vietnam’s rapid economic growth, as well as the government’s vision for long-term development.
He said VISA hopes to support Vietnam during the process of economic development, in turn realizing its socio-economic development objectives until 2045.
As of present, VISA is working with the State Bank of Vietnam (SBV) and National Payment Corporation of Vietnam (NAPAS) for greater financial services for Vietnamese people, stated Kelly, saying he expects VISA to become a credible partner for the Vietnamese government in facilitating e-payment transactions in Vietnam.
At the meeting, Phuc said he hoped VISA to support Vietnam in e-payment transaction and providing security measures during this process, at the same time establishing a long-term presence in the country.
Vietnam fully supports cooperation between VISA and local partners for mutual benefits, especially when the country is pushing for the development of digital economy, e-government, smart city and applying technologies from the Fourth Industrial Revolution, Phuc added.
Vietnam’s high economic growth rate is favorable for VISA to expand its businesses in the country, Phuc continued.
Phuc expected VISA to voice its positive opinion to the US administration and parliament regarding potential cooperation with Vietnam and facilitate a long-term and steady growth of bilateral trade and investment.
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15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
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14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
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16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
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17:23, 2025/02/07
Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
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17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
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16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
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