THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 20/2007/QD-NHNN
Hanoi , May 15, 2007
 
DECISION
PROMULGATING THE REGULATION ON ISSUANCE, PAYMENT, USE OF BANK CARDS AND PROVISION OF BANK CARD OPERATION SUPPORT SERVICES
THE GOVERNOR OF THE STATE BANK
Pursuant to the 1997 Law on the State Bank of Vietnam and the 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam;
Pursuant to the 1997 Law on Credit Institutions and the 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;
Pursuant to the 2005 Law on E-Transactions;
Pursuant to the Government's Decree No. 52/2003/ND-CP of May 19, 2003, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to the Government's Decree No. 64/2001/ND-CP of September 20, 2001, on payment activities through payment service-providing organizations;
At the proposal of the director of the Payment Department,
DECIDES:
Article 1.- To promulgate together with this Decision the Regulation on issuance, payment and use of bank cards and provision of bank card operation support services.
Article 2.- This Decision takes effect 15 days after its publication in "CONG BAO" and replaces the State Bank Governor's Decision No. 371/1999/QD-NHNN1 of October 19, 1999, promulgating the Regulation on issuance, use and payment of bank cards.
Article 3.- The director of the State Bank's Office, the director of the Payment Department, heads of related units under the State Bank, directors of the State Bank's branches in provinces and centrally run cities; chairmen of Management Boards and general directors (directors) of commercial banks, development banks, investment banks, policy banks, cooperative banks and banks of other types, non-bank credit institutions, cooperative credit institutions, other organizations other than credit institutions, and concerned organizations and individuals shall implement this Decision.
 
 
FOR THE STATE BANK GOVERNOR
DEPUTY GOVERNOR


Nguyen Dong Tien
 
REGULATION
ON ISSUANCE, USE AND PAYMENT OF BANK CARDS AND PROVISION OF BANK CARD SUPPORT SERVICES
(Issued together with the State Bank Governor's Decision No. 20/2007/QD-NHNN of May 15, 2007)
Chapter I
GENERAL PROVISIONS
Article 1.- Scope of regulation and subjects of application
1. This Regulation regulates the issuance, payment and use of bank cards and the provision of bank card operation support services in the Socialist Republic of Vietnam.
2. This Regulation applies to organizations and individuals involved in the issuance, payment and use of bank cards and the provision of bank card operation support services in the Socialist Republic of Vietnam.
Article 2.- Interpretation of terms
In this Regulation, the terms below are construed as follows:
1. "Bank card" (hereinafter referred to as "card" for short) is an instrument issued by a card-issuing organization for conducting card transactions under the conditions and terms agreed upon by the involved parties.
Based on the scope of territory in which cards are used, cards are classified into domestic cards and international cards.
Based on financial sources to ensure the use of cards, cards are classified into debit cards, credit cards and prepaid cards.
Cards regulated in this Regulation do not cover types of cards issued by goods suppliers and service providers for use in the payment for goods and services for the issuing organizations themselves.
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