Banks maintain normal operations during national social distancing

Apr 2nd at 07:42
02-04-2020 07:42:00+07:00

Banks maintain normal operations during national social distancing

Banking services would remain available to meet the transaction demands of businesses and individuals, according to the State Bank of Viet Nam (SBV).

 

Following a directive from the Prime Minister to apply social distancing nationwide for 15 days starting today to contain the spread of the coronavirus, banking is one of the few sectors that will be allowed to remain open.

Deputy Governor of the central bank Dao Minh Tu said the SBV on Tuesday instructed its units and commercial banks to allow non-essential staff to work from home.

“The banking sector serves businesses and people with essential demands for cash and payments. That's why we have allocated staff to meet their demands,” Tu said.

He said the cash supply and payment systems would be maintained at normal levels. Commercial banks have been instructed to ensure necessary transaction activities such as deposits, withdrawals, transfers, online banking and ATMs operate normally over the next 15 days.

A Vietcombank official said customers would continue to enjoy high-quality services at all its branches nationwide at this time.

“We encourage customers to use 24-hour online services to avoid the risk of spreading COVID-19,” he added.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Ministry of Finance asks insurers not to sell COVID-19-related products

The Ministry of Finance has asked insurers to stop introducing and selling insurance packages related to COVID-19.

Reference exchange rate revised down on April 1

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on April 1, down 3 VND from the previous day.

Banks are not allowed to pay cash dividends to alleviate COVID-19 impact

The State Bank of Vietnam (SBV) has just taken additional measures, which requires commercial banks to proactively reduce and tighten operating costs to alleviate...

Trade raises demand for stable VND

Fears of the pandemic crippling corporate profits and diminishing the allure of risky assets have sent investors scramble for cash rather than other assets.

Visa and NextPay sign MoU to promote cashless payments in Vietnam

Visa, the world-leader in digital payments, and NextPay, a provider of comprehensive digital transformation solutions (the parent company of Vimo E-wallet and the...

Vietnamese spend average of $21.5 daily via e-wallet

Vietnamese e-wallet users perform 1.6 to 2.2 transactions on digital platforms daily with an average spending of VND500,000 ($21.5), according to a survey.

HDBank executives register to buy large chunks of lender’s shares as pandemic drags down prices

Tran Hoai Nam, deputy general director of HDBank, has registered to buy 500,000 shares of his bank on the Ho Chi Minh Stock Exchange between April 3 to 29 for...

Reference exchange rate up 5 VND on March 31

The State Bank of Vietnam set the daily reference exchange rate at 23,235 VND per USD on March 31, up 5 VND from the previous day.

Reference exchange rate continues to go down at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).

Shinhan Bank to change service fee for overseas transaction

Shinhan Bank will increase the fee for its courier-overseas cheque outward collection service for personal customers to US$55 from 11$ (fees...

Bank stocks

Insurance stocks


MOST READ


Back To Top