Tin mới
15 years left for the cash economy (09/06)
06/08/2010 - 149 Lượt xem
SBV made the observations in its master plan on non-cash payments for 2006-10.
Countries with cash payments accounting for more than 17% of the total are considered cash economies. The proportion of cash payments in Vietnam in 1997 was 32.2%, and that has decreased to 21.4%.
Under SBV’s plan, cash payments must be lowered to 17% by 2010 and 10% by 2020, ending the reign of ready bills. But even then Vietnam will still lag far behind other regional countries in terms of payments. Cash payments are 11-17% in Singapore and Thailand, and even lower in Europe. Sweden and Norway have about 1% cash payments.
To realise its goal, SBV says Vietnam will have to develop modern distribution networks. By 2010, about 70% of the trade centres, supermarkets, restaurants and hotels will have to accept payment cards, and by 2020 the figure should rise to 95%.
The central bank’s programme also focuses on developing individual accounts. By 2010, Vietnam is expected to have 20mil personal bank accounts primarily to receive salary payments. Seventy per cent of state employees and 50% staff working in private companies will receive salary electronically. As for the state transactions, 60% will be undertaken through money transfer by 2010, ultimately rising to 90% of state spending and 90% of payments for public services.
The ideal scenario is that by 2020, all payments among enterprises will be undertaken with money transfer instead of with large stack of cash.
Source: Tien phong
