SBV branch in Ho Chi Minh City sent an urgent document to the municipal Vietnam Fatherland Front Committee, the Party Committee's Commission for Mass Mobilization, leaders of local departments and agencies, and leaders of people's committees in districts and Thu Duc City on coordination and dissemination for people and businesses to understand the guidelines and policies of the Government, the SBV and relevant legal regulations on the protection of rights and legitimate interests of depositors.

According to the HCM City SBV branch, in recent days, negative information about Saigon Commercial Bank (SCB) has spread on social networks. These are inaccurate pieces of information that affect the psychology of depositors at SCB; consequently, many of them decided to withdraw money ahead of time.

This not only directly affects the interests of people and depositors but also affects the money market and banking activities.

In addition, the HCM City SBV branch also sent a document to general directors of credit institutions citywide, directing to increase communication to curb premature withdrawal, causing losses for depositors.

At the same time, credit institutions were asked to have solutions and actions in order to ensure the interests of depositors and measures to stabilize banking operations.

Credit institutions were urged to regularly contact, exchange, and report to the SBV branch in HCM City on difficulties and problems during operation so that the state bank can help remove them.

Source: SGGP