8:33:24 AM | 9/30/2026
Jon Huntsman, Vice Chairman and President of Strategic Growth at Mastercard, recently visited Vietnam for a series of high-level engagements with government, regulatory and industry stakeholders, highlighting Mastercard’s continued engagement with Vietnam’s digital payments ecosystem and its evolving needs.
Mastercard meets with the Ministry of Foreign Affairs of Vietnam
During the visit, Mr. Huntsman, Donald Ong, Division President for East South East Asia, Rajat Maheshwari, SVP, Government Engagement for Asia Pacific and other Mastercard delegates held discussions with senior leaders from the State Bank of Vietnam, the Ministry of Public Security and the Ministry of Foreign Affairs on opportunities to deepen cooperation in support of Vietnam’s digital economy. Discussions covered digital payments, payment security, cybersecurity, financial inclusion and long-term investment, as well as how Mastercard’s global expertise, technology and data capabilities can support a more secure, resilient and inclusive digital ecosystem. The dialogue also reinforced the importance of continued public-private collaboration as Vietnam advances its digital transformation.
“Vietnam’s continued digital transformation is unlocking significant opportunities for businesses, communities, and consumers across the country. Realizing these potential demands enduring investment and deep collaboration. Alongside government bodies, regulators, customers, and industry stakeholders, Mastercard is committed to strengthening critical infrastructure and building a thriving, resilient digital payments ecosystem to support Vietnam’s next stage of growth.,” said Jon Huntsman, Vice Chairman and President of Strategic Growth at Mastercard.
Mastercard meets with the State Bank of Vietnam
These engagements build on Mastercard’s longstanding work with stakeholders across Vietnam’s digital ecosystem. In Ho Chi Minh City, Mastercard has supported the development of open-loop transit payments across Metro Line 1, buses, waterbus services and public bicycles, working with local public and private-sector partners to help make everyday mobility more convenient and digitally enabled. Beyond transportation, Mastercard has partnered with the Ministry of Public Security and GoTrust on a Digital eCitizen Booth initiative, supporting efforts to make government services more accessible through secure and citizen-centric digital solutions. Mastercard is further supporting Vietnam’s digital development through a 2026–2030 strategic collaboration with the Vietnam National Authority of Tourism on a 2026–2030 strategic collaboration focused on technology, digital transformation, data-driven insights and capacity building to support the sustainable growth of Vietnam’s tourism sector.
Strive Women initiative supports women-led small businesses
In addition, Mastercard supports inclusive growth in Vietnam by helping MSMEs and women entrepreneurs participate more fully in the digital economy. Through Strive Women, a Mastercard Strive programme led by CARE, Mastercard works with partners including VPBank in Vietnam to support women-led small businesses with financial and digital tools designed to strengthen business resilience and growth.
Our discussions with government and industry leaders reinforced the tremendous momentum behind Vietnam’s digital transformation journey,” said Donald Ong, Division President, East South East Asia, Mastercard. “Through continued collaboration, we have an opportunity to build a more secure, inclusive and resilient digital economy, spanning everything from citizen services and transportation to tourism and small business growth. Mastercard is proud to support Vietnam's ambitions by bringing together our technology, expertise and global experience.”
The visit provided an opportunity to deepen dialogue with government and business leaders on Vietnam’s digital payments journey and the opportunities ahead, drawing on Mastercard’s global expertise and experience supporting the evolution of digital economies around the world.
Source: Vietnam Business Forum
