SBV requests foreign banks to ensure smooth operations
SBV requests foreign banks to ensure smooth operations
The State Bank of Vietnam (SBV) on May 22 sent a message to foreign banks in the context of the complex situation in the East Sea.
In the message, the SBV asked them to ensure the smooth operation of their banking services for domestic and international customers.
The foreign banks were required to provide adequate information to customers in order to limit the situation's psychological impact on banking activities in particular, and on the banking sector in general. The SBV also requested the banks to advertise their role in creating a bridge for local and foreign customers to reassure them about making stable and permanent investments in Viet Nam.
The banks were also asked to report difficulties, knotty issues and losses, if any, to the SBV so that the central bank could issue appropriate and timely solutions.
The SBV requested them to believe in the policies of Viet Nam's government as well as in the policies and solutions of the SBV. These would ensure the safety of the banking sector and strive to meet the objectives of the industry in 2014.
The central bank said that the currency, foreign exchange and gold markets had been managed in a stable manner despite the complicated situation. Credit institutions and foreign banks were working as usual in the country and abroad, it noted.
The SBV also expressed its regret over protesters, rallying against China's illegal placement of an oil rig in Viet Nam's exclusive economic zone, violating laws and destroying assets of the government, individuals and enterprises. The government has implemented timely solutions to stop the violence and had penalised the violators of the law.
The central bank affirmed that it would continue to monitor the situation closely and would be willing to apply necessary measures to keep the currency, foreign exchange and gold markets stable. The SBV said it was committed to maintaining a stable macroeconomic environment and favourable investment environment to keep attracting foreign investment.
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