Central Banking

Vietnam continues with payment card upgrades


The Central Bank of Vietnam is going ahead with plans to upgrade payment cards within the country.

In a statement released January 2, the central bank announced commercial banks will have to switch 30% of their current magnetic strip cards to chip and pin cards by the end of 2019.

The measure is part of the central bank’s “card roadmap”, which aims to increase the proportion of chip and pin cards to at least 60% by the end of 2020. The final goal is to phase out magnetic strip cards entirely

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: