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BANKING TECHNOLOGY | Cesar Tordesillas, Vietnam

Online banking now more popular in Vietnam


On-line banking transactions now has users from 64 percent of Vietnamese.


This is still less than the number of Vietnamese who still physically visit banks to make transactions, which stands at 77 percent.

The Nielsen survey’s report was conducted face-to-face among 600 respondents from 18 to 50 years old on a monthly basis in HCM City and Ha Noi.

The survey also found that 40 per cent of Vietnamese on-line respondents use credit cards as well as cash for dining, shopping and entertainment activities, while 97 per cent use cash only.

When it comes to credit card repayment, 24 per cent of card users repay only the minimum required each month.

The global survey, which contacted 7,000 consumers in Asia and the Pacific on-line, found that while 85 per cent used cash for general shopping, dining, travel or entertainment expenses.

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