14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Vietnam c.bank commits banking sector’s stability amid SCB negative rumors

Hai Yen

Oct 08, 2022 / 06:06 PM

Negative rumors regarding the Saigon Bank (SCB) caused people to withdraw money from the bank ahead of the maturity dates.

The State Bank of Vietnam (SBV) would closely monitor the operation of the Saigon Bank (SCB) to ensure the lawful rights of customers and the stability of the bank in particular, and the banking sector in general.

The State Bank of Vietnam (SBV).

The SBV made the announcement in the wake of recent negative rumors regarding the SCB, which would lead to a massive withdrawal of money before maturity dates.

"We urge people not to withdraw money, as premature withdrawal would affect their rights," SBV Vice Governor Dao Minh Tu told the local media.

According to Tu, in any circumstance, the central bank would ensure the stable operation of SCB and also people’s deposits in the bank.

The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, has released a statement suggesting the market is in stable condition.

“The Government, the Ministry of Finance, and other agencies stand ready to support the market’s healthy and sustainable development,” it noted.

The SSC also called for investors to stay calm and assess both risks and opportunities before making any decision in the market.

To date, SCB’s operation remains normal as the bank continues to fulfill its obligation to customers.

Hanoi tipped as emerging rail industry hub

The rail industry complex is expected to serve as the central pillar of a new era for the sector, marked by the emergence of high-speed rail and expanded urban rail networks.

07 Feb, 10:26 AM

Regional specialties drive strong sales at Spring Fair 2026

Food and specialty booths at Spring Fair 2026 are drawing strong crowds and sales as Tet approaches, reflecting rising demand for Vietnamese regional products with clear origins and trusted quality.

07 Feb, 10:11 AM

Hanoi launches product showcase spaces linked to Spring Flower Fairs ahead of Tet

The program ranks among the city’s key trade promotion activities, aiming to stimulate domestic consumption, stabilize the market.

06 Feb, 02:26 PM

Vietnam to tax crypto asset transfers at 0.1%

This approach mirrors the current tax calculation applied to securities transactions.

05 Feb, 04:53 PM

Hanoi craft exhibition showcases Tet goods as shopping demand rises

Featuring 100 booths, the exhibition brings together artisans and businesses from Hanoi and neighboring provinces, presenting handicrafts, gifts, decorations and specialty foods, while promoting craft villages and stimulating consumption ahead of the 2026 New Year.

05 Feb, 01:14 PM

Vietnam establishes support body for International Financial Center Council

Beyond internal coordination, the support body undertakes international cooperation, information and communication activities.

05 Feb, 01:04 PM

Hanoi draws US$102 million in foreign direct investment during January

Strong investor activity continued in the capital at the start of the year, as a mix of new projects, capital adjustments and share acquisitions helped reinforce Hanoi’s role in sustaining Vietnam’s positive foreign investment trend.

04 Feb, 10:22 PM

Vietnam pushes rural e-commerce expansion to narrow digital divide nationwide

As Vietnam’s e-commerce market accelerates, attention is shifting toward how national policies and platform-led initiatives can help smaller localities overcome structural barriers, bringing digital trade opportunities to mountainous, border and rural communities.

04 Feb, 09:22 PM