Submission on improving acquisition of risk prevention and limit the bad debts of credit cards

Abstract

To develop a sound personal credit
market, especially credit cards, prevent and reduce
the increasing bad debts in this market, it is necessary
to establish, enhance and supplement the legal
framework on issuance, granting credit card limits.
Through the research about legal regulations on
issuing conditions, granting personal credit limit via
credit cards in developed countries in Europe, the
U.S., and Canada, this paper aims to present findings
on the above issues to contribute to the
establishment, enhancement of and supplement to the
Vietnam’s legal framework on the issuance and
settlement of credit card bad debts.