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ARTICLE · 20 JUNE 2024

Vietnam's New Decree On Non-Cash Payments

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

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Vietnam's financial landscape is set to further transform on July 1, 2024, when the government's long-awaited Decree No. 52/2024/ND-CP dated May 15, 2024 ("Decree 52")...

VietnamTechnology
Anh Hoai Nguyen
Anh Hoai Nguyen
Duc Minh Pham
Duc Minh Pham
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Vietnam's financial landscape is set to further transform on July 1, 2024, when the government's long-awaited Decree No. 52/2024/ND-CP dated May 15, 2024 ("Decree 52"), will officially replace Decree No. 101/2012/ND-CP dated November 22, 2012, on non-cash payments ("Decree 101").

Decree 52 marks an important milestone by introducing the country's first-ever legal definition of e-money. In addition, the decree brings forth new updates to regulations governing payment and intermediary payment services, laying the groundwork for more comprehensive guidance that will be provided in draft circulars now being developed by the State Bank of Vietnam (SBV).

Non-Cash Payment Instruments

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