The State Bank of Vietnam to ensure payment demands during Tet

by VTV414 February 2018 Last updated at 17:40 PM

(Photo: laodong.vn)
(Photo: laodong.vn)

VTV.vn - The State Bank of Vietnam has instructed commercial banks to keep cash on hand to respond to the payment demands of businesses and organizations during the Lunar New Year.

According to data collected by commercial banks, about 80 percent of transactions at ATMs are cash withdrawals. As people often receive wages and bonuses before Tết, the rising demand for cash can lead to crippling burdens for ATM machines in the days prior to the holiday.

According to a Government decree, banks that let their ATMs remain broken, short of cash or other issues that inconvenience customers can be fined VND 10 - 15 million (441 - 661 USD).

A hotline number is also required to be present in all ATMs so customers can quickly report problems.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2018-02-21 10:34 UTC

WEATHER FORECAST

Today - Wednesday Feb, 21
Scattered Thunderstorms
20/23
Thursday Feb, 22
Scattered Showers
15/20
Friday Feb, 23
Mostly Cloudy
15/17
Saturday Feb, 24
Partly Cloudy
16/22
Sunday Feb, 25
Mostly Cloudy
18/22
Monday Feb, 26
Mostly Cloudy
19/22
Tuesday Feb, 27
Mostly Cloudy
19/25
Wednesday Feb, 28
Rain
20/25
Thursday Mar, 01
Mostly Cloudy
20/25
Friday Mar, 02
Scattered Thunderstorms
21/26