State Bank denies false rumours

The State Bank of Vietnam on June 9 issued a statement on its website, denying rumours that commercial banks would not allow depositors of savings in foreign currencies to withdraw money from the bank in foreign currencies, saying that the false report has worried the local people.

According to Vietnam's current legal regulations on foreign exchange management, individuals can deposit their savings in foreign currencies at legal credit organisations and withdraw their savings and interest in the kind of currencies they have deposited, affirmed Mr. Nguyen Ngoc Lan, deputy head of the Foreign Exchange Department at the State Bank of Vietnam. In case the depositors wish to change their savings in foreign currencies to Vietnam dong, they can sell them to commercial banks, he added.

Mr. Lan also urged local depositors to be keep calm and if they have any queries they should directly ask the commercial banks where they have deposited their savings for correct information, thus avoiding listening to false rumours on the market.

ND

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