BIDV Promotes Vietnam-China Trade with Cross-Border QR Payment Services
On August 6, 2026, in Hanoi, BIDV, in collaboration with NAPAS and Weixin Pay (WeChat Pay) of Tencent Group, announced the expansion of its cross-border QR payment service between Vietnam and China.
The event marks a significant step forward in connecting the digital payment infrastructures of the two countries, helping to promote tourism, trade, and economic exchange, while reaffirming BIDV’s pioneering role in developing a modern, secure, and internationally integrated digital financial ecosystem.
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BIDV, NAPAS, and Weixin Pay are facilitating more effective access to the Chinese market for Vietnamese businesses
The event was attended by representatives from the State Bank of Vietnam, as well as leaders from BIDV, NAPAS, Weixin Pay, partners, businesses, and the media. As the clearing bank and the entity directly developing the payment acceptance network, BIDV ensures that transactions are processed smoothly, quickly, and securely, enabling Vietnamese businesses to more effectively access the Chinese customer market.
Through the integration of NAPAS’s payment infrastructure, Weixin Pay, and BIDV’s payment system, Chinese tourists can use the Weixin Pay app to scan VietQRGlobal codes and make payments at acceptance points throughout Vietnam, including retail stores, hotels, restaurants, lodging facilities, and tourist attractions. Transactions are processed directly between the Chinese yuan (CNY) and the Vietnamese dong (VND), providing a convenient, secure, and transparent payment experience.
Expanding Connectivity for Vietnamese Businesses and Merchants
The launch of this service not only adds a modern payment method but also expands the connectivity of Vietnamese businesses and small businesses to over 1 billion Weixin users. This serves as a crucial foundation for boosting consumption, developing tourism, and enhancing the competitiveness of businesses and small enterprises in the context of a growing digital economy and deepening international integration.
Speaking at the event, Mr. Hoang Viet Hung, CEO of BIDV, emphasized:
“Expanding QR code payment connectivity between Vietnam and China not only provides an additional convenient payment method for citizens and tourists but also helps connect the two economies through modern digital financial infrastructure. As the clearing bank and a key player in developing the payment acceptance network, BIDV is committed to working alongside the Government, the State Bank of Vietnam, and partners to promote cashless payments, support businesses in expanding their markets, develop tourism, and strengthen economic ties between the two nations.”
Representatives from NAPAS and Weixin Pay also noted that the expansion of cross-border QR payment connectivity marks an important milestone in the process of integrating digital payment infrastructure, helping to enhance the customer experience, boost trade and tourism, and strengthen economic cooperation between Vietnam and China.
According to the plan, in 2026, BIDV will continue to collaborate with partners to implement the reverse payment flow, allowing customers to use the BIDV SmartBanking app to scan QR codes for payments in China. Once the two-way connection is fully established, BIDV will continue to affirm its pioneering role in developing digital payment infrastructure, expanding international connectivity, and building a modern digital financial ecosystem, thereby contributing to the implementation of the Government’s and the State Bank of Vietnam’s policies on promoting cashless payments, developing the digital economy, and fostering international integration.
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