Some legal issues about credit cards in Vietnam - Compare with US law provisions

Credit card service is a relatively special type of service. In essence, the specialness this business expressed in fact that credit institutions have combined their two basic operations, including payment activities and granting into one The law about cards requires smooth combination above provisions constitutes complete legal framework to regulate issues institutions, usage customers, intermediary organizations. initial research results show risks process are inevitable. addition technical security factors, other involve for obligation ensure safety entities related process. Hence, identification clearly define rights obligations parties necessary study contributes development Vietnam's market integration period. On basis comparing with United States governing cards, authors contend separate document needs be emphasized on important contents such as cardholders, issuance use contracts, problems clarification responsibility bear risks, interest rates fees limits, consumer abuse, fraud. These will analyzed detail make recommendations aim creating regulating activities. Thereby we can take advantage well minimize disadvantages from cards.