Bank becomes first to issue EMV chip cards to Vietnamese

Bank becomes first to issue EMV chip cards to Vietnamese
Tags: 3DES, Asia, Australia & Pacific, Bank / Credit Union, Central and Eastern Europe, Debit / Credit, EMV, North America, Public Companies, Regulatory Issues, Security, Trends / Statistics
December 19, 2007

VietNamNet Bridge: For the first time ever, credit/debit cards based on EMV smart card technology are being issued on a mass scale by a bank in Vietnam. VP Bank, with technical assistance from Vienam-based FTP Information Systems and Holland-based Gemalto NV, a digital security provider, is now providing smart cards to its clients. Vietnamese banks have been required to use smart cards as of Jan. 1, 2006, but until now, no banks have issued them.