Relevant agencies are required to strengthen inspection, detect and strictly handle violations in foreign/cash exchange trading, according to the State Bank of Vietnam.
Vietnam’s banks are required to ensure enough cash for people as the demand for cash rising ahead of Tet holidays, causing many ATMs to be out of service.
Vietnam banks are required to meet cash demand ahead of Tet holiday. Photo: Cong Hung |
It is one of the requests made by the State Bank of Vietnam (SBV) to ensure the safety of banking operations during the Lunar New Year.
According to Document No. 684, the SBV requested its branches in provinces and cities to be responsible for providing cash to credit institutions, foreign bank branches, and the local state treasury to ensure the smooth monetary circulation and absolutely prevent the shortage of cash.
The SBV has also required credit institutions and foreign bank branches to proactively build appropriate cash plans to timely meet cash needs of customers both in terms of value and denominations, closely monitor the progress of cash collection and spending at the branches to promptly meet the demand for cash before, during and after Tet.
The SBV’s branches are asked to conduct payment services for production, business, import and export activities; proactively meet the requirements about international payments for foreign-invested enterprises, importers and exporters during holidays; ensure the stability and safety of electronic payment services and card payments.
The concerned agencies are required to strengthen inspection, detect and strictly handle violations in foreign/cash exchange trading, according to the Document.
Other News
- 3,400 taels of gold purchased at the first-in-11-year auction
- HoSE to launch KRX-developed transaction system in early May
- Central bank moves gold auction to tomorrow
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
Related News
Trending
-
Collective efforts are key to fight against plastic waste
-
Vietnam news in brief - April 25
-
Vietnamese contemporary ballet celebrates Europe Day
-
IT training urged to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area