Domestic joint stock commercial banks operate stably, State bank affirms

Domestic joint stock commercial banks are operating stably, registering fairly high growth and ensuring safety in their business operations, affirmed the Deputy Governor of the State Bank of Vietnam Tran Minh Tuan.

Mr Tuan made the affirmation at a recent meeting between the Monetary Market Supervision Group with the State Bank of Vietnam's Hanoi branch and joint stock commercial banks in Hanoi.

Domestic joint stock commercial banks have recorded fairly high growth, especially in services and technological development, financial capacity and competitiveness.

None of the banks have been rated as weak and put under special control.

The State Bank of Vietnam is not advocating forcing the merger of any bank  and pledged to support banks that are facing temporary difficulties in payment to ensure that no banks will suffer from losing liquidity in their operations.

ND

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