The regulation on mobile payment will not allow users to recharge from scratch cards but they must conduct deposits and withdrawals from the registered bank account.

Credit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker.

Locals could make a bet via a bank account, e-wallet or mobile phone bill.

The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.

In long term, non-cash payment as one of the key payment methods in the economy would promote sustainable growth and ensure a transparent business environment.