Can persons who are 15 years of age become principal cardholders when opening credit cards at banks in Vietnam?

Can persons who are 15 years of age become principal cardholders when opening credit cards at banks in Vietnam?

In Clause 1, Article 16 of Circular 19/2016/TT-NHNN as amended by Clause 7, Article 1 of Circular 28/2019/TT-NHNN, there are regulations on cardholders as follows:

1. For principal cardholders being individuals:

a) Any person who is 18 years of age or older and has full legal capacity as prescribed by law is permitted to use debit cards, credit cards and/or prepaid cards;

b) Any person aged 15 to less than 18 years who does not have lack of legal capacity or limited legal capacity, and has his/her own assets to be taken as security in the card usage is permitted to use debit cards without overdraft facility and prepaid cards.

Thus, according to current regulations in Vietnam, you need to meet the condition that you have full legal capacity. Then, you will be allowed to be the principal cardholder when opening a credit card.

Can persons who are 15 years of age be supplementary cardholders in Vietnam?

In Clause 3, Article 16 of Circular 19/2016/TT-NHNN as amended by Article 1 of Circular 28/2019/TT-NHNN, there are provisions on the issue of supplementary cardholders as follows:

3. With respect to supplementary cardholders:

A supplementary cardholder may use card as specific authorization of the principal cardholder in accordance with the following requirements:

a) An person who is 18 years of age or older and has full legal capacity as prescribed by law is permitted to use debit cards, credit cards and/or prepaid cards;

b) A person from 15 to under 18 years old whose legal capacity is not completely or partially limited may use debit cards, credit cards and prepaid cards;

c) An person aged 6 to less than 15 years who does not have lack of legal capacity or limited legal capacity and obtain an authorization in writing made by his/her legal representative to permit him/her to use debit cards without overdraft facility and prepaid cards;

According to this Article, a person who is full 15 years old will be entitled to act as a supplementary cardholder for debit, credit or prepaid cards in Vietnam in case he or she does not have lack of legal capacity or limited legal capacity.

Best Regards!