Electronic signatures allowed for bank payment

VIETNAM - The State Bank of Vietnam (SBV) will announce regulations over the pattern and content of electronic documents to be used for payment services among banks next month, deputy governor Nguyen Van Giau said.

Under Decision 44/QD-TTg issued by the Government last week, electronic signatures have the same value as handwritten ones in documents.

The banking community applauded the Government's decision as it reduces payment times and facilitate currency transfer. Besides, an interbank clear