Banking system works to ensure cash supply for CNY

Credit institutions and foreign bank branches were told to develop appropriate plans to meet customers’ cash demands.

HANOI: The State Bank of Vietnam (SBV) has requested its branches, credit institutions, foreign bank branches, and the National Payment Corporation of Vietnam (NAPAS) ensure the safety of banking operations during the upcoming Lunar New Year holiday.

Directors of SBV branches in provinces or cities must direct and be responsible for the provision of cash to credit institutions, foreign bank branches and State Treasuries in the area, ensuring smooth monetary circulation ad avoiding cash shortages or impacts to monetary circulation.