Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Finance  >> ATM card holders have $4b
NEWS UPDATES Asean Affairs   4 October 2013  

ATM card holders have $4b

ATM card holders in Vietnam had VND89.8 trillion (US$4.08 billion) in 42.7 million current accounts at the end of June, according to the latest data from the State Bank of Viet Nam. The savings earn 1.2 per cent in interest per year.

The central bank said that overall savings were down by VND10 trillion ($454.54 million) from early June, but were higher than the last months of 2012.

By the end of the first quarter, the amount in ATM accounts number was VND99 trillion ($4.5 billion), much higher than the VND85 trillion ($3.86 billion) for the same period last year.

The SBV said by the end of the second quarter, year-on-year current accounts rose from 10 per cent to 15 per cent both in account number and value, however, no specific comparative figures were released.

According to the Viet Nam Card Association, nearly 20 years after being introduced, millions of Viet Nam's ATM cards are still used to withdraw cash at ATMs instead of performing non-cash transactions.

The central bank has taken measures to boost non-cash transactions, including a draft decree on limiting the use of cash for large transactions which is expected to be submitted to the Government for approval this year.

Under the draft, individuals will not be allowed to pay for securities, houses, land and large vehicles with cash.

Organisations will not be allowed to use cash for transactions in real estate, securities, aircraft, ships and cars, or transactions exceeding the limit set by the central bank.

The central bank is also implementing a project on non-cash payments. It hopes to have 150,000 point of sales (POS) nationwide by 2015 compared to the present 94,000.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    4  October 2013 Subsribe Now !
• Thailand Futures Exchange’s trading volume up 63 pct in first 9 months Subcribe: Asean Affairs Global Magazine
• China, Indonesia take ties to new level Asean Affairs Premium
• Myanmar's economy yet to see real progress, says Suu Kyi
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Hygiene key to European trade
• ATM card holders have $4b
• Moody’s upgrades Philippines to ‘investment grade’
• DTAC agrees to reduce signal strength along Laos border
Asean Analysis           4 October  2013 Advertise Your Brand
• Asean Analysis- October 4, 2013
Obama’s Asia Trip: Go or No?
• Asean Analysis- October 4, 2013
The Malaysia Curse: Will a U.S. President Ever Get to Kuala Lumpur?
• Asean Analysis- October 4, 2013
Asean to back member candidates as UN representatives
• Asean Analysis- October 4, 2013
Cambodia to feel an energy crunch, but growth to remain stable: report
• Asean Weekly:The Biweekly Update 4 October  2013
Asean Stock Watch     4 October  2013
• Asean Stock Watch-October 4, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand