The Vietnamese dong is among the world’s hardest-working currencies, with 42 percent of in-person transactions completed in cash. A recent article in popular online newspaper VnExpress explores how a challenging economy is encouraging people to choose physical currency over cashless alternatives.
Vietnam has embraced digital payments, with the next most-used way to transact after cash being digital wallets (accounting for 29 percent of transactions, according to the Global Payments Report, versus just 19 percent using credit cards and nine percent using debit cards). However, writing for VnExpress, Ho Chi Minh City-based office worker Luu Phat explains that spending money with cashless methods is a little too easy.
