Vietnamese commercial banks are required to issue chip ATM cards to improve customers’ transaction security from March 31, according to the State Bank of Vietnam’s Circular No. 22/2020/TT-NHNN.
The Bank of Thailand has advised holders of debit cards and ATM cards with magnetic stripes, to use chip cards instead, as transactions via ATMs or card swiping machines, will no longer be possible after January 15, 2020.
Police in the northern coastal province of Quang Ninh on July 18 launched criminal proceedings against Wei Hong Qiu, a Chinese national, for “swindling to appropriate assets”.
The National Payment Corporation of Vietnam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.
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.
Four days into the first instance trial, the People’s Court in the Mekong Delta province of Ben Tre gave Malaysian national Chong Ngai Fong and his six accomplices a total of 48 years in prison for their fraudulent activities using fake ATM cards.
The People’s Court of the northern province of Quang Ninh on October 22 began the first-instance trial for four Chinese nationals under the charge of “using a computer network, telecommunications network, or electronic device to appropriate property”.
Foreign investors have poured into Vietnam’s e-wallet sector as they see huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 percent of the total payment transaction by 2020.
The National Payment Corporation of Vietnam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Vietnam (SBV).
The Mong Cai International Border Gate in northern Quang Ninh province announced on February 22 that three Chinese nationals had been arrested for using fake ATM cards to steal money from banks.
Low cost carrier Vietjet is offering locals and tourists 700,000 promotional tickets priced just from 0 VND (excluding taxes and fees) to celebrate the 13th International Travel Expo Ho Chi Minh City.
For the most exciting travel season of the year, Vietjet Air will launch a promotion from August 9-13, 2017 within 12:00–14:00 offering 200,000 super-promotional air tickets priced only from 0 USD.
The People’s Court of Hanoi on March 6 sentenced two Chinese citizens, Tian Yun Yun and Ke Zheng, to seven years and 30 months in prison, respectively, for using fake ATM cards to steal money from other people’s bank accounts.
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