HCM City recently put forth a plan on the implementation of the national comprehensive financial strategy by 2020, with a vision towards 2030. ​

A corner of HCM City

The plan aims to enable people and businesses to access financial products and services provided by authorised organisations safely and conveniently and at affordable prices.

By 2025, at least half of small and medium-sized enterprises (SMEs) in the city are to have loans from credit organisations, with outstanding debts in service of agricultural and rural development accounting for 7% of all outstanding debts in the locality.

At least 80% of local adults will have an account at a bank or other authorised organisation. This is to reach 100% by 2030.

Cashless transactions are set to grow 20%-25% annually.

HCM City also expects to diversify financial services to make them more accessible to people and businesses, especially SMEs, residents of rural areas and city outskirts, low-income earners, and disadvantaged groups.

The application of digital technology as well as innovation will also be stepped up.