Banks in Hoa Binh province have proactively grasped local people and businesses' demand for cash to ensure sufficient supply in various denominations during the Lunar New Year (Tet) holiday.
Employees at VPBank Song Da guide customers to use self-service options, ensuring smooth transactions for customers as Tet approaches.
Since the beginning of January, there has been a significant surge in demand for small currency exchange for payment, consumption, and Tet lucky money, among others at the local Agribank branch, compared to normal days. In addition to securing cash reserves, the branch has developed plans and proposed full cash supply to meet the needs of individuals and businesses.
In recent times, commercial banks in the province have encouraged customers to use electronic banking services in line with the government's directive on cashless transactions. However, as Tet nears, the demand for small currency exchange from the public remains high.
Tran Thi Huong Giang, Director of VPBank Song Da, said that based on customers’ needs, the branch has proactively implemented measures to regulate cash supply and allocate human resources to ensure smooth and convenient transactions.
At this time, the demand for cash exchange, especially for small denominations, at VietinBank Hoa Binh has also increased.
It is noted that the State Bank of Vietnam has issued a circular on ensuring the safety of banking activities during the Tet holiday.
Accordingly, its branch in Hoa Binh has directed local credit institutions to effectively organise the regulation, circulation, and supply of cash, ensure security and safety of cash reserves, and step up crime prevention efforts.
A leader of the branch said it has ensured timely and sufficient cash supply in various denominations to meet the needs of credit institutions for payment, salary disbursement, and goods trading during the Tet holiday and of locals for daily expenditures.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
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