Vietnam is one of the countries in the world whose residents prefer to make their daily payments solely with cash and gold. But this, of course, does not like the government. All the plans of the authorities for the introduction of e-commerce stumble on opposition from the public.

Vietnamese financial authorities regularly make new attempts to force the country's population to use electronic means of payment more often. This is due to the desire to fight tax evasion and money laundering. The Vietnamese Ministry of Finance is trying to implement the payment of purchases using bank cards. According to the plan of the authorities, by 2020 the amount of cash payments should be reduced to 10%. But, most likely, this can not be achieved.

Vietnamese residents do not trust banks and refuse to issue credit and debit cards. They prefer to pay with paper money. According to statistics, only 31% of the adult population has a bank account. At the same time, 95% of all payments are made using gold and cash.

The agency Bloomberg told about one entrepreneur who bought an apartment for 130.000 American dollars, paying for it 50% in cash and 50% in gold. According to him, the seller of the apartment did not want to conduct the transaction through the bank, so the payment was made without a bank transfer.

According to available data, around 400 tons of yellow precious metal is in the hands of Vietnamese residents. The government is trying to teach citizens to use credit cards, but there is still a lot of work to be done before people use this banking product. Gold and cash are proven payment instruments that have already become an integral part of the daily life of the Vietnamese. Therefore, it will be difficult to wean them from this habit, although 70% of young people own a smartphone and are well versed in modern technology.