Despite high costs, domestic banks are issuing more chip cards that meet EMV standards to replace magnetic strip cards in order to improve security and meet the central bank’s regulations.

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

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VietNamNet Bridge – Banks have begun charging fees on the card services, which has met public opposition.

 VietNamNet Bridge – Though Microsoft ended its support for Windows XP on April 8, Vietnamese banks are making no move to tighten security by upgrading their ATMs to Windows 7.

Vietnamese keep indifferent to the banks’ plan to modernize the payment methods, a step towards the non-cash economy, because the 17 existing kinds of fees have been burdening them.

Commercial banks that fail to ensure smooth and stable operation of their automatic teller machine (ATM) systems during the coming lunar new year holiday will be fined,