On October 10, Governor of the State Bank of Vietnam Nguyen Thi Hong answered the press on issues related to Sai Gon Joint Stock Commercial Bank (SCB).
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Governor of the State Bank Nguyen Thi Hong: Savings deposits at banks are guaranteed in all cases
Amid recent public opinions related to the operations of SCB Bank, Governor of the State Bank Nguyen Thi Hong shared some insights on this issue.
The head of the State Bank stated that, in response to some circulating information affecting SCB Bank's operations, the State Bank has implemented necessary measures to ensure SCB Bank's normal operations and liquidity capacity.
Governor Nguyen Thi Hong affirmed that, in Vietnam, up to now, deposits held by citizens at banks, including SCB Bank, are guaranteed by the State in all cases. Customers who have deposits at SCB should remain calm and not withdraw their money, especially before maturity, to ensure their rights.
The leadership of the State Bank stated that, in its role as the Central Bank and regulatory authority for banking activities, when formulating and planning monetary policies as well as banking management policies, the State Bank always aims to steadfastly control inflation, stabilize the macro-economy and the monetary system, and ensure the safety of banking operations, including SCB Bank.
Huy Thang
