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NATIONAL PAYMENT CORPORATION OF VIET NAM

Active

Business ID 0101517122

84-24 / 39361818

NATIONAL PAYMENT CORPORATION OF VIET NAM

Active

Business ID 0101517122

84-24 / 39361818

NATIONAL PAYMENT CORPORATION OF VIET NAM

Active

Summary

Name:

NATIONAL PAYMENT CORPORATION OF VIET NAM

Business ID (TIN):

0101517122

Date of Registration:

14 Jul 2004

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

2nd Floor, 17th Floor and 18th Floor, Pacific Place Building, No. 83B Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 39361818

Financial Statement:

2020, 2021, 2022, 2023, 2024

NATIONAL PAYMENT CORPORATION OF VIETNAM (NAPAS): The Backbone of Vietnam’s Digital Payments

As Vietnam accelerates toward a cashless economy, NAPAS—the National Payment Corporation of Vietnam (Công Ty Cổ Phần Thanh Toán Quốc Gia Việt Nam)—has emerged as the most crucial infrastructure player in the country’s financial ecosystem. With over two decades of operations since its establishment on July 14, 2004, NAPAS provides the essential backbone for digital transactions through its financial switching and electronic clearing services. The company is headquartered in Pacific Place Building, 83B Ly Thuong Kiet Street, Hanoi, with a strategic representative office in Ho Chi Minh City.

NAPAS operates as a joint stock company under the oversight of the State Bank of Vietnam, which remains its largest shareholder, controlling 48.96% of equity. Other prominent shareholders include major state-owned and commercial banks such as Agribank, BIDV, and VietinBank, alongside BSI Technology Infrastructure Development Co., Ltd., and a range of other institutional investors. This structure not only reflects its systemic importance but also the strong public-private synergy that underpins its growth.

In 2024, NAPAS recorded total assets of USD 161 million, up 20.45% year-over-year. However, the company saw a 13.73% decline in total sales, down to USD 158.8 million, and a 22.63% drop in net profit, which stood at USD 26.2 million. This contraction in revenue and earnings may indicate heightened competition in the payments space or increased operational costs amid technological upgrades. Nonetheless, equity grew to USD 147.63 million, up 21.59%, while working capital rose to a strong USD 130.71 million, demonstrating resilient financial health and liquidity.

Led by Chairman Nguyen Quang Hung, and supported by Deputy General Directors Nguyen Hung Nguyen and Nguyen Quang Minh, NAPAS continues to evolve in step with the digital transformation ambitions of the Vietnamese government. With a workforce of 200 employees, the company offers not only core switching services but has also expanded its business lines into areas such as software publishing, consultancy, market research, IT equipment trading, and financial auxiliary services.

NAPAS plays a pivotal role in linking banks, fintechs, and merchants, making digital payment ubiquitous across retail, e-commerce, and public services. In this sense, it acts as the invisible infrastructure powering modern consumer experiences in Vietnam—from ATMs and interbank transfers to QR code payments and e-wallet interoperability.

Despite short-term profit declines, NAPAS remains fundamentally strong. Its robust capital base, critical market role, and public sector backing position it as an indispensable enabler of Vietnam’s financial modernization. As digital payment adoption accelerates across all sectors, the strategic trajectory of NAPAS will continue to influence not only how Vietnamese citizens pay but also how the financial services industry innovates.

For a more detailed look into NAPAS’ financials and risk profile, access the company’s full report via VANGUARD BUSINESS INFORMATION LLC (VBI). In the dynamic landscape of digital finance, NAPAS stands not just as a service provider but as an institution of national significance.

Legal Profile

English Name:

NATIONAL PAYMENT CORPORATION OF VIET NAM

Vietnamese Name:

CÔNG TY CỔ PHẦN THANH TOÁN QUỐC GIA VIỆT NAM

Short Name:

NAPAS

Business ID (TIN):

0101517122

Date of Registration:

14 Jul 2004

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN Q.H

+ NGUYEN Q.M

+ NGUYEN H.L

+ NGUYEN D.H

+ NGUYEN T.H.Q

+ NGUYEN H.N

Address:

2nd Floor, 17th Floor and 18th Floor, Pacific Place Building, No. 83B Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 39361818

Representative office:

Room 1106, Floor 11, Sai gon Tower, No. 29, Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

6499 Other financial service activities n.e.c (except insurance and social insurance)

NACE:

64.99 Other financial service activities, except insurance and pension funding n.e.c.

Industry Sales Growth

CAGR (2019 - 2023)

YoY (2023)

Companies by industry

Company distribution and propportions

3,411

0.1173%

Key Industry Players

Top 10 companies in other financial service activities n.e.c (except insurance and social insurance) industry

baoviet holdings viet union online services corporation national payment corporation of viet nam vi mo technology joint stock company galaxy debt trading company limited viet investment and debt trading corporation oc ta online service joint stock company gfin vietnam co., ltd. befinancial limited company amber fintech corporation

Payment History

Purchase the report to access company details.

Financial Performance

Assets	98.47%
Owner’s Equity	-57.27%
Working Capital	5.03%
Net Worth	-9.55%
Sales	28.25%
Operating income	-75.29%
EBIT	66.42%
Gross Profit Margin	-9.89%
Debt to EBITDA	73.83%

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Specific Questions About NATIONAL PAYMENT CORPORATION OF VIET NAM

When did NATIONAL PAYMENT CORPORATION OF VIET NAM start operating?

NATIONAL PAYMENT CORPORATION OF VIET NAM was started in 14 Jul 2004

What industry does NATIONAL PAYMENT CORPORATION OF VIET NAM operate in?

NATIONAL PAYMENT CORPORATION OF VIET NAM is operating in "Other financial service activities n.e.c (except insurance and social insurance)" industry

How can I contact NATIONAL PAYMENT CORPORATION OF VIET NAM?

NATIONAL PAYMENT CORPORATION OF VIET NAM phone numbers is 84-24 / 39361818

What adverse news is there about NATIONAL PAYMENT CORPORATION OF VIET NAM?

NATIONAL PAYMENT CORPORATION OF VIET NAM’s has no negative news

What is stock symbol of NATIONAL PAYMENT CORPORATION OF VIET NAM?

NATIONAL PAYMENT CORPORATION OF VIET NAM is not listed company

Where is the location of NATIONAL PAYMENT CORPORATION OF VIET NAM?

NATIONAL PAYMENT CORPORATION OF VIET NAM is located at 2nd Floor, 17th Floor and 18th Floor, Pacific Place Building, No. 83B Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City, Vietnam

What is NATIONAL PAYMENT CORPORATION OF VIET NAM’s business registration?

NATIONAL PAYMENT CORPORATION OF VIET NAM business registration is 0101517122

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