World Economy

ATMs Boost Vietnam GDP

ATMs Boost Vietnam GDPATMs Boost Vietnam GDP

The higher use of electronic payments helped consumption grow 0.22% in Vietnam in 2011-15, which translated to an addition of $880 million to its gross domestic product over the years, according to a global study, Thanh Nieh News reported. That was equivalent to 0.14% of Vietnam’s GDP, the highest rate in Southeast Asia, after Thailand’s 0.19%, the US financial services company Visa said in the study co-authored with market research firm Moody’s. Such GDP contribution equaled to the creation of around 75,000 jobs a year in Vietnam, Visa said.