Business

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.
First domestic chip cards launched ảnh 1Illustrative image (Source: internet)

Hanoi (VNA) – The VietnamBank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched thefirst domestic chip cards on May 28.

The 7 banks involved in thescheme are Vietcombank, Vietinbank, BIDV, Agribank, Sacombank, TPBank andABBank.

Deputy Governor of the StateBank of Vietnam Nguyen Kim Anh said the switch from magnetic strip cards tochip cards is one of the key solutions to promote non-cash payment.

He noted that this is also aninevitable trend in the region and the world in the context of rising hi-techcrimes.

Vietnam currently has about 76million cards issued by 48 banks. The chip cards are believed to help reducerisks on card-related crimes and increase payment safety for customers.

TheSBV plans to have at least 30 percent of active cards in the country meetingthe domestic chip card standards by the end of 2020. The number will rise to 60percent by the end of 2021 and 100 percent by the end of 2022.-VNA
VNA
#Vietnam Bank Card Association #National Payment Corporation of Vietnam (NAPAS) #commercial banks #domestic chip cards #Vietcombank #Vietinbank #BIDV #Agribank #Sacombank #TPBank #ABBank #non-cash payment #hi-tech crimes #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnam to have first domestic chip cards in Q1 2019

Vietnam to have first domestic chip cards in Q1 2019

Vietnam’s first domestic chip cards will be launched in the first quarter of 2019 to enhance safety and service quality of the country’s bank card operations, according to the National Payment Corporation of Vietnam (NAPAS).
Central bank issues roadmap for ATM card upgrades

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 percent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.

See more

A car is refuelled at a Petrolimex station. (Photo: VNA)

Fuel prices cut for fourth straight adjustment

The publication of the E10RON95-III base price began from this pricing period under Government Resolution No. 29/2026/NQ-CP, as part of efforts to align domestic fuel prices with global market developments and improve price management.

Visitors explore smart electronic devices on display at the exhibition. (Photo: VNA)

Hundreds of companies join Automechanika Ho Chi Minh City 2026

This year’s three-day exhibition showcases leading international and regional brands, including VinFast of Vietnam, BYD Oway of China, Brembo of Italy, Daeheung of the Republic of Korea, Empire Motor of Japan, and TriAlliance GmbH of Germany.

Engineers and workers carry out construction activities at sea. (Photo: VNA)

Hon Khoai transport project gathers pace despite rainy season challenges

Together with the Ca Mau – Cai Nuoc and Cai Nuoc – Dat Mui expressway projects, the Hon Khoai route forms part of a trio of key infrastructure developments expected to strengthen regional connectivity, boost economic growth and reinforce the safeguarding of Vietnam’s southwestern maritime frontier once completed.

Prime Minister Le Minh Hung (right) and S. Kudryashov, General Director of Zarubezhneft (Photo: VNA)

Prime Minister meets leaders of major Russian enterprises

During his meeting with Rosatom Director General Alexey Likhachev, PM Hung expressed his sincere thanks for the cooperation, support, and significant contributions of Rosatom and the Russian side to the development of Vietnam's atomic energy sector over the past four decades.

Delegates at the seminar in Bangkok on June 17. (Photo: VNA)

Thanh Hoa seeks stronger cooperation with Thai businesses

Mai Xuan Liem, Permanent Vice Chairman of the Thanh Hoa People’s Committee, said Thailand is one of the province’s important export markets, with export turnover reaching more than 12 million USD in the first five months of 2026.

Delegates press the button to officially launch the Doan Hung Industrial Park – AMATA City Phu Tho project at the conference. (Photo: VNA)

Vietnam, Thailand strengthen investment ties, smart city cooperation

Thailand is currently Vietnam's largest trading partner within ASEAN, while Vietnam ranks as Thailand's sixth-largest trading partner globally. Bilateral trade reached 22.07 billion USD in 2025, with both sides aiming to increase the figure to 25 billion USD in the coming years. Thailand also has 805 valid investment projects in Vietnam with a combined registered capital of 15.4 billion USD.

Deputy Prime Minister Nguyen Van Thang speaks at the meeting with ministries and sectors in Hanoi on June 17 to review public investment disbursement and address bottlenecks affecting ODA projects. (Photo: VNA)

Deputy PM requests faster disbursement of ODA-funded projects

As of June 15, the disbursement rate for public investment funded by external sources had reached only 9.99% of the assigned plan. Although the figure was higher than in the same period last year, it remained well below the national average. Notably, one out of eight ministries and central agencies and 13 localities had yet to disburse any allocated capital.

Sorting green-skinned pomelos for export at the processing facility of Vina T&T Group in Vinh Long province. (Photo: VNA)

Vietnamese fruits strengthen foothold in China

The expansion of fruit trade has been supported by the implementation of the Regional Comprehensive Economic Partnership (RCEP) and ongoing efforts to upgrade the China – ASEAN Free Trade Area.