Tag: local government petition

"The State Bank's special lending activities are essential and serve as a safeguard against the potential risk of a bank run, as well as limiting the contagion to other credit institutions," Governor Nguyen Thi Hong emphasized.

"So far this year, the State Treasury has conducted ten foreign currency purchase auctions from commercial banks, totaling approximately $1.8 billion. According to analysts, the high USD exchange rate in recent times can be partly attributed to the State Treasury's significant foreign currency demands."

In recent times, Hai Phong city has witnessed instances of land-use conversion that contravene regulations, particularly during the period of provincial integration, social reorganization, and dissolution of the district-level government. As a result, the city has imposed a temporary halt on accepting and processing applications for land-use conversion, aiming to rectify these irregularities and ensure adherence to established guidelines.