PM requests measures to meet payment, cash needs during New Year celebrations
Prime Minister Pham Minh Chinh on December 29 asked the Governor of the State Bank of Vietnam (SBV), the Minister of Finance and the General Director of Vietnam State Treasury to deploy measures to meet payment and cash demands of individuals and firms at year-end, during the coming New Year and Lunar New Year holidays.
Hanoi (VNA)♑ – Prime Minister PhamMinh Chinh on December 29 asked the Governor of the State Bank of Vietnam(SBV), the Minister of Finance and the General Director of Vietnam StateTreasury to deploy measures to meet payment and cash demands of individuals andfirms at year-end, during the coming New Year and Lunar New Year holidays.
Accordingly, the SBV was asked to direct credit institutions to ensure that the payment system will operate stably,safely, and smoothly all the time to meet payment and cash needs through the ATM system before and during the New Year and Lunar New Year. The provision of payment services of theinterbank electronic payment system must be guaranteed too. The central bank must ensure cash supplyto the economy and closely coordinate with competent authorities to strengtheninspections to promptly detect and strictly handle violations in buying andselling foreign currencies/gold or making unlawful money exchanges. The SBV was asked to direct credit institutions and foreignbank branches to take measures to ensure liquidity and arrange staff to providestable, safe, and smooth payment services before and during the New Year andLunar New Year 2024. They must properly provide foreignexchange services and increase foreign exchange activities to serve the needs offoreign tourists, meet the credit capital needs for production and businessdevelopment of people and businesses at the year-end and the beginning of 2024. The State Treasury was required to arrange staffto ensure smooth, timely, and safe disbursement and payment. The PM urged the Government Office to oversee theagencies’ task performance and report to him issues beyond itsauthority./.
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Illustrative photo (Photo: VNA) 
