Tag: Vietnamese banks
Banks to stop issuing magnetic strip cards in three months
Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.
Vietnamese banks take cautious approach to foreign ownership limit
The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.
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