Business Tuoi Tre newspaper proposes designating June 16 as ‘Cashless Day’ The color of incense in Vietnam

Tuoi Tre (Youth) newspaper, one of the leading dailies in Vietnam, has suggested celebrating ‘Cashless Day’ on June 16 every year as a way to promote non-cash payment in the Southeast Asian country. The proposition was made by Tuoi Tre editor-in-chief Le The Chu as he addressed the seminar “Toward a cashless society,” co-organized by the newspaper and the State Bank of Vietnam (SBV) in Ho Chi Minh City on Tuesday. The event was meant to solicit ideas and suggestions on what can be done to reduce the use of cash in the country from SBV officials, economic experts, finance specialists and representatives from several local commercial banks. In his opening remarks, Chu briefed attendees on the current status of cashless payment in Vietnam, difficulties in investment in digital payment infrastructure and possible solutions to these challenges. In a society where cash remains ‘king’ and using cash is a culture and habit of Vietnamese people, the editor-in-chief admitted that it will be challenging to transform Vietnam into a cashless society. “But just because it is difficult does not mean it is impossible to make such a transformation,” he underlined. Le The Chu, editor-in-chief of Tuoi Tre, speaks at the seminar ‘Towards a… Read full this story

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