The State Bank of Vietnam (SBV) on July 29 issued Decision No. 1490/QD-NHNN, promulgating the strategy for surveillance of the payment system in Vietnam during 2014-20.
The surveillance strategy is divided into two stages, from 2014 through 2016, and from 2017 through 2020, focusing on supervising the inter-banking payment system, the foreign-currency payment system, the retail payment system and the securities clearing and settlement system.
All payment systems are supervised by the SBV in a comprehensive, transparent and consistent manner. The SBV coordinates with related agencies in the surveillance process.
The Decision provides a list of specific payment systems directly placed under the control by the SBV during the period.-