Vietnam-Singapore QR Payment Link Expands ASEAN's Digital Economy Infrastructure

A cross-border QR code payment link between Vietnam and Singapore is set to further expand the digital economy infrastructure within the Southeast Asian region. According to the Vietnam National Authority of Tourism, the country welcomed approximately 10.6 million international visitors in the first five months of 2026, marking a nearly 15% year-on-year increase and the highest figure recorded in many years. Singapore remained one of Vietnam’s fastest-growing source markets during this period. This QR payment integration is expected to enhance the convenience of digital payments for tourism and business between the two countries, thereby contributing to the revitalization of economic activities. Vietnam has recently launched similar cross-border QR payment services with South Korea, China, and Laos, accelerating its strategy to promote digital economic integration within ASEAN. Vietnam, which continues to pursue economic growth under its one-party system, has positioned digitalization as a key pillar of its national strategy. The country is particularly focusing on improving its payment infrastructure to boost the tourism industry and expand foreign trade. This collaboration with Singapore represents a significant step for Vietnam in strengthening its position as a digital economy hub within ASEAN.