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... 

Eight leading international and local banks have been recognised by Visa at the Vietnam Bank Awards 2012 for their role in promoting electronic payments in Vietnam. The Visa Vietnam Bank Awards is an annual event to celebrate the achievements of client banks in partnering Visa to grow electronic payments locally. This year, the banks – HSBC, Asia Commercial Bank (ACB), Vietcombank, VietinBank, Eximbank,... 

Credit cards and other electronic payment systems essential to online shopping remained underutilised in Vietnam, said Vietnam Vat Gia Joint Stock Co director Nguyen Ngoc Diep. About 30 million people nationwide were using the internet as of October of this year, with the figure expected to surge to 40 million over the next three years, but few Vietnamese consumers had or used credit cards and so...