3 Matters of Vietnam Cashless Payments: A Step Towards Global Integration

On May 15, 2024, the Vietnamese Government issued Decree No. 52/2024/ND-CP on cashless payments, effective from July 1, 2024. This decree replaces Decree No. 101/2012/ND-CP (as amended and supplemented). It represents a significant legal milestone in the field of Vietnam cashless payments, impacting various sectors, organizations, and individuals involved. The new decree establishes a fundamental and robust legal framework for Vietnam cashless payment activities, promoting the use of cashless payment methods, facilitating digital transforma…