HANOI, Aug. 12 (Xinhua) -- Vietnam is setting to make the rate of cash payment to be below 10 percent among all means of payment by 2020 and eight percent by 2025, local online newspaper Thoi Bao Ngan Hang (Banking Times) quoted the Vietnamese banking development strategy as saying on Sunday.
Also under the strategy, in the 2018-2020 period, Vietnam will continue to restructure credit institutions, focusing on minimizing bad debts and handling poorly-performing commercial banks and people's credit funds in line with market mechanisms.
Vietnam will strive to have at least one or two commercial banks in the list of 100 biggest banks in terms of total assets in Asia by 2020, and have at least two or three commercial banks in the list by 2025, according to the strategy.
