National financial inclusion strategy approved

Accordingly, financial inclusion means that all citizens and enterprises shall access to and use financial products and services in a convenient way and with proper costs.

The strategy put focus on the rural residents, low-income people, women, small and medium-sized enterprises and micro businesses.

Under the strategy, by 2025, at least 80% of adults will have bank accounts. At least 50% of communes will have transaction offices. At least 25-30% of adults will have savings at credit organizations. The growth rate of non-cash payment will increase by 20-25%. At least 250,000 SMEs will have debts at credit organizations.

To realize the aforesaid goals, the strategy sets a range of tasks and measures including perfecting the legal framework; diversifying basic financial services; optimizing financial infrastructure; and cutting transaction costs./.

By Kim Loan