The Governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, on May 21 committed to ensuring security and safety for foreign banks and protecting the legitimate interests of foreign investors in Vietnam.

At a Hanoi conference on the operations of foreign banks in Vietnam, Binh stated that despite complicated developments in the East Sea following China’s illegal placement of a drilling rig in Vietnam’s exclusive economic zone, the country’s currency and gold markets remain stable.

The governor asked foreign banks to continue their normal operations to well serve both domestic and international customers, and inform the SBV of difficulties they face so that it can take appropriate measures to help solve these shortcomings.

They were also urged to fulfil their role as a bridge encouraging foreign investors to do business in Vietnam, as well as join hands with the Vietnamese Government and the SBV in maintaining a stable currency and gold market and solving difficulties in business for enterprises.

Attending the conference, senior officials from foreign banks that have been in Vietnam for a long time, like Citibank, ANZ, Shinhan Vietnam and the Industrial and Commercial Bank of China (ICBC) spoke highly of the timely response of the Government and SBV to impacts caused by the East Sea issue.

They also showed their belief in the Government’s policies of establishing legal frameworks and a safe investment environment to attract more foreign investors to Vietnam.-VNA