Vietnam Pushes for a Cashless Future as Manufacturing Grows
Business
June 8, 2026

Vietnam Pushes for a Cashless Future as Manufacturing Grows

119 words · ~1 min read
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B1 Pre-Intermediate
0:000:52

Follow spoken words in real time.

Vietnam is seeing strong economic growth as its manufacturing industry becomes bigger. Factories are making goods like electronics and clothing for international customers. Foreign investment and a skilled workforce are helping Vietnam become an important manufacturing centre in Southeast Asia.

At the same time, the government is encouraging more people to use digital banking and payments. It wants 95% of the population to use digital accounts soon. Authorities believe this will improve financial services and help the economy develop further.

Mobile payment apps and online banking are already changing how people make purchases and transfer money, especially in big cities. Experts think these changes will help both businesses and everyday people. However, some challenges continue, especially in rural areas.

Vocabulary

6 words
Accent
skilledADJ/skɪld/

Having special ability or training for work.

investmentN/ɪnˈvɛstmənt/

money put into something for profit

manufacturingN/ˌmænjʊˈfæktʃərɪŋ/

making goods in large quantities

AuthoritiesN/ɔːˈθɒrɪtiz/

official organisations with power to decide

paymentsN/ˈpeɪmənts/

Amounts of money given for goods or services.

makeV/meɪk/

To do or create something; to produce.

Ready to learn these 6 words?

About 8 minutes · 5 activities

Reading Quizzes

9 questions
Question 1 of 9
1 / 9

What is helping Vietnam's manufacturing industry grow?

Choose an answer to continue

Great for IELTS, TOEFL, SAT, IB, A-Level and everyday English speaking practice.

Speaking Tasks

5 questions

Vietnam Pushes for a Cashless Future as Manufacturing Grows

June 8, 2026~1 min read
Not sure? Take the level test →
B1 Pre-Intermediate
0:000:52

Follow spoken words in real time.

Vietnam is seeing strong economic growth as its manufacturing industry becomes bigger. Factories are making goods like electronics and clothing for international customers. Foreign investment and a skilled workforce are helping Vietnam become an important manufacturing centre in Southeast Asia.

At the same time, the government is encouraging more people to use digital banking and payments. It wants 95% of the population to use digital accounts soon. Authorities believe this will improve financial services and help the economy develop further.

Mobile payment apps and online banking are already changing how people make purchases and transfer money, especially in big cities. Experts think these changes will help both businesses and everyday people. However, some challenges continue, especially in rural areas.

Vocabulary

6 words
Accent
skilledADJ/skɪld/

Having special ability or training for work.

investmentN/ɪnˈvɛstmənt/

money put into something for profit

manufacturingN/ˌmænjʊˈfæktʃərɪŋ/

making goods in large quantities

AuthoritiesN/ɔːˈθɒrɪtiz/

official organisations with power to decide

paymentsN/ˈpeɪmənts/

Amounts of money given for goods or services.

makeV/meɪk/

To do or create something; to produce.

Ready to learn these 6 words?

About 8 minutes · 5 activities

Reading Quizzes

9 questions
Question 1 of 9
1 / 9

What is helping Vietnam's manufacturing industry grow?

Choose an answer to continue

Great for IELTS, TOEFL, SAT, IB, A-Level and everyday English speaking practice.

Speaking Tasks

5 questions