Hanoi – April 3, 2026 — Vietnam National Payment Corporation (NAPAS), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), and Ant International jointly held a ceremony to announce the launch of the cross‑border QR payment service between Vietnam and China. The event marks an important milestone in promoting cross‑border digital payments, particularly in the context of the increasing number of Chinese tourists visiting Vietnam in recent years.

Attending the event were representatives of the State Bank of Vietnam, leaders from departments and agencies under the State Bank of Vietnam, the Ministry of Industry and Trade, the Ministry of Culture, Sports and Tourism, along with senior executives of Vietcombank, NAPAS, and Ant International.

Cross‑Border QR Payment Connectivity – Enhancing Tourist Experience, Expanding Opportunities for Vietnamese Businesses

Through the cooperation between NAPAS, Ant International, and Vietcombank, Chinese tourists can use the Alipay e‑wallet to scan VietQR Global codes and make payments at merchants within the network of NAPAS member organizations across Vietnam. These include shopping centers, retail stores, restaurants, hotels, and tourist destinations.

Bilateral QR‑code payment transactions are processed through the connectivity infrastructure between NAPAS and Ant International, together with Vietcombank’s clearing and settlement system, enabling direct payment processing between the two local currencies—the Chinese Yuan (RMB) and the Vietnamese Dong (VND).

Mr. Pham Tien Dung - Deputy Governor of the State Bank of Vietnam (far left), and Mr. Pham Quang Dung - Deputy Governor of the State Bank of Vietnam (far right), present congratulatory flowers to the leadership teams of 03 organizations that successfully implemented the QR payment service between Vietnam and China.

As China has remained one of the largest source markets for tourists to Vietnam for many years, the deployment of this payment connectivity between the two countries delivers a seamless, fast, and secure payment experience for travelers, thereby encouraging them to choose Vietnam as a destination. At the same time, the streamlined and easily integrated payment solution opens up additional opportunities for Vietnamese businesses to better access and serve international visitors—especially Chinese tourists—enhancing competitiveness and contributing to the growth of trade and service activities.

Mr. Le Quang Vinh, CEO of Vietcombank (far left), Mr. Pham Anh Tuan, Director General of the Payment Department of the State Bank of Vietnam (second from left), Mr. Nguyen Quang Hung, President of NAPAS (third from left), and Mr. Douglas Feagin, President of Ant International (far right), perform the official connection launch ceremony at the announcement event for the QR payment service between Vietnam and China

Speaking at the event, Mr. Nguyen Quang Minh, CEO of NAPAS, emphasized:
“NAPAS is gradually building and expanding a cross‑border payment platform that ensures security, high performance, and flexible scalability in line with international connection standards. The cooperation with Ant International marks an important milestone in NAPAS’s journey to expand cross‑border connectivity, as Vietnam’s national retail payment infrastructure directly connects with China’s leading payment ecosystem with over one billion users. This connectivity enables Chinese tourists to enjoy a familiar, convenient, and secure QR‑code payment experience just like at home, while also creating additional growth opportunities for Vietnamese businesses.”

Mr. Nguyen Quang Minh, Chief Executive Officer of NAPAS, delivers remarks at the ceremony

Representing Ant International, Mr. Douglas Feagin, President of Ant International, shared: “The collaboration between Ant International, NAPAS, and Vietcombank reflects our shared commitment to advancing the digital economy and supporting businesses in Vietnam. Tourism is an important economic bridge between China and Vietnam. Strengthening payment connectivity will help Vietnamese businesses access a global customer base while reinforcing Vietnam’s position in its digital transformation journey.”

Mr. Douglas Feagin, President of Ant International, delivers remarks at the ceremony

From Vietcombank’s perspective, Mr. Le Quang Vinh, CEO of Vietcombank, stated: “As a pioneer in the payment sector in Vietnam, Vietcombank recognizes cross‑border QR payments as a solution that will soon become mainstream in international payments. Therefore, when selected as the settlement bank, we dedicated significant focus and our best resources to the project, with the goal of delivering a ‘feel‑at‑home’ experience for Chinese tourists, allowing them to use Alipay to pay for goods and services in Vietnam. At the same time, this opens up business‑growth opportunities for millions of Vietnamese retailers, household businesses, and enterprises through access to Alipay’s massive user base in China.”

Mr. Le Quang Vinh, Chief Executive Officer of Vietcombank, delivers remarks at the ceremony.

Mr. Pham Tien Dung, Deputy Governor of the State Bank of Vietnam (seventh from left), Mr. Pham Quang Dung, Deputy Governor of the State Bank of Vietnam (eleventh from right), together with representatives from departments under the State Bank of Vietnam, leaders from the Ministry of Industry and Trade, leaders from the Ministry of Culture, Sports and Tourism, and representatives of Vietcombank’s leadership, including Mr. Le Quang Vinh, CEO of Vietcombank (eighth from left), Ms. Nguyen Thi Kim Oanh, Member of the Board of Directors (ninth from right), and Ms. Doan Hong Nhung, Head of Retail Banking Division (eighth from right), pose for a commemorative photo at the ceremony

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