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May 25, 2024 news
Vietnam e-wallet legislation will not apply to cryptocurrencies
The State Bank has clarified a new decree that was issued to clarify what is and is not considered electronic money. Specifically, the bank has said that the absence of a mention of cryptocurrency in the new decree means that it is in fact not regulated as opposed to media
Korean credit card firms struggle to crack Vietnam market
Indeed, demand for credit has plummeted over the last year or two as thrifty Vietnamese have tightened their belts. By the end of March credit growth was at just 1.34 percent. That said, credit cards have not proven to be very popular in Vietnam in general, with consumers tending to spend only…
UK Pork approved for export to Vietnam
Of note, back in March it was reported that the a submission had been made by Vietnamese meat producers to the Government of Vietnam requesting additional technical barriers on imported meats. This was necessary, they argued, to level the playing field with other meat producing countries.