Banks to hike service fees this month Business

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.
Banks battle Tet ATM overload Business

Banks battle Tet ATM overload

As demand for cash withdrawals at ATMs doubles or triples around the Lunar New Year (Tet) holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.
SBV wants ATMs to run efficiently before Tet Business

SBV wants ATMs to run efficiently before Tet

The SBV has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet holiday, when there is high demand for cash transactions.
New regulations on use of credit cards Business

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth more than 5 million VND for domestic transactions and no more than 30 million VND for foreign currency.
Business

Capital flows to government bonds

The English language news website VietNamNet Bridge on April 18 reported that banks have had to inject their money into government bonds as credit gets stuck.
Business

Enough cash for Tet: SBV

The State Bank of Vietnam (SBV) has pledged sufficient cash to cater the demand which often skyrockets on the approach of the traditional Lunar New Year (Tet).
Society

ATMs to be kept full for Tet holiday

With the demand for cash at ATMs often tripling during the Tet (lunar New Year) shopping season, commercial banks are taking measures to ensure ATM networks and systems are working well during the holidays.