Development of central bank digital currency in China – Recommendations for Vietnam

Digital transformation is taking place strongly in all sectors of the economy. Banking has been a fastpaced field of digital transformation in recent years. In 23 cities of varying sizes including large and small and 15 regions, China has been studying and implementing CBDCs. China has encountered both achievements and setbacks during the implementation process; these are all beneficial lessons for Vietnam - which is currently in the process of studying CBDC.