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BIDV rejects rumour of its chairman’s arrest

The Bank for Investment and Development of Vietnam (BIDV) has rejected the rumour that its Chairman of Board of Directors Tran Bac Ha was arrested.
The Bank for Investment and Development of Vietnam (BIDV) has rejectedthe rumour that its Chairman of Board of Directors Tran Bac Ha wasarrested.

The bank issued a statement on the evening of February 21 saying that the rumour is a fabrication for ill purposes.

“On the morning of February 21, while the management of BIDV wasattending a meeting under the chair of Chairman Tran Bac Ha on theimplementation of its business plan, the Prime Minister’s resolutionsNo. 01 and 02/NQ-CP and the State Bank Governor’s 01/CT – NHNNDirective, a rumour spread that the bank’s leader was arrested,” thestatement said, adding that the rumour had affected the BIDV’s prestigeas well as the Vietnamese securities and financial markets.

Therefore, the bank reported the incident to the Security DepartmentII under the Ministry of Public Security, which assessed that those whospread the rumour aimed not only to make profit but also to damage thefinancial-banking market.

The bank’s statementcited Major General Trinh Van Thong, Vice Director of the SecurityDepartment II as saying that the department is investigating the culpritwho started the rumour.

It affirms that the bank is operating normally.-VNA
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