The State Bank of Vietnam (SBV) will this year complete all related legal frameworks for the use of plastic money – credit and debit cards, as well as other forms of electronic payment. It will also release national criteria for the issuance of domestic credit cards and implement a project to develop automatic payment systems for retail banking services. These steps will be taken as part of the... 

Leading financial experts have warned domestic banks that they could suffer market losses this year as Vietnam’s commitments with the World Trade Organisation (WTO) on the operation of foreign banks comes into effect. Foreign banks, which have become stronger in recent years, will now be operating on a level playing field with domestic banks. In addition to traditional advantages like modern...