Is cash still king in Southeast Asia?

For as long as modern history dates back the phrase “Cash is king” has underscored the economies of developing communities in Southeast Asia. I’ve spent most of the past 11 years based in Ho Chi Minh City in Vietnam – currently the fastest-growing economy in the region. Soon after I arrived I was shocked to visit a bank to see wrapped packs of brand new 500,000 VND bills being stacked like 500gm blocks of butter on pallets in a dairy factory. The country’s largest-denomination note is

This content is for IR Pro subscribers only.

Subscribe now to unlock an all-access pass.

IR Pro - monthly

$4 USD for the first 30 days. (Auto renews at $20 USD per month.)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now
Retailer’s choice

IR Pro - annual

$228 USD per year. (Auto renews annually)
  • Unlimited news access
  • Exclusive members only masterclasses (live and on-demand)
  • Weekly careers advice
  • Weekly and quarterly digital magazines delivered to your inbox
Subscribe now