Many people living in developed nations believe that countries such as Vietnam are only good to copy technology and are not able to innovate. This view is proven to be wrong on a daily basis. A good illustration of this can be found in the Vietnam Electronic Payment Forum 2017 (VEPF) themed "Mobile Payment - a factor to promote the non-cash economy" that officially opened last monday.“Digital technology helps remove spatial, time and geographic barriers, allowing credit institutions to offer products and services at a lower cost, and facilitating consumers’ access,” said Deputy Prime Minister, Vương Đình Huệ, speaking at the meeting. Vietnam is modernizing its economy at a very high rate. The ultimate goal for Vietnamese government is to help improving the banks’ business efficiency and governance capacity of credit institutions.