On November 16, 2021, the Governor of the State Bank of Vietnam issued Circular 17/2021/TT-NHNN amending Circular 19/2016/TT-NHNN on bankcard activities.
Accordingly, the card issuer can issue debit, credit, and prepaid cards for cardholders who are individuals electronically.

To implement the above content, the card issuer must develop, issue, and publicize the process and procedures for issuing cards of individuals by electronic means by regulations necessary before entering into a card issuance and use contract with a customer to identify the customer and determine the card’s transaction limit by regulations;
– Check, compare and verify customer identification information;
– Warn customers about actions not to be taken in the process of opening and using cards issued by electronic means;
– Provide customers with card issuance and use contracts and enter into card issuance and use contracts with customers to ensure the provisions of the law on electronic transactions;
– Notify the name of the card issuer, the name or trademark of the card, the card number, the validity period of the card, the name of the cardholder, the scope and function, and the prohibitions according to regulations when using the card for customers row.