Around 300 banks branches and transaction offices in Ho Chi Minh City have to close as a result of ongoing pandemic and the city tightened restrictions to cope the number of infections and deaths.
In an effort to control the pandemic, Ho Chi Minh City continues to tighten prevention measures to the highest level. Accordingly, most citizens are not allowed to go out, except for essential activities.
As a result, many banks have announced their temporary closure, with others operate through the stay-at-work model, also applying strict prevention measures for all employees to ensure everyone's safety.
From August 23 to September 6, most of VPBank's branches in Ho Chi Minh City will be temporarily closed, only maintaining transactions of the five branches VPBank Ho Chi Minh, VPBank Ben Thanh, VPBank Sai Gon, VPBank Gia Dinh, and VPBank Cong Hoa.
Similarly, OCB announced the closure of 26 of its 30 branches and transaction offices to implement social distancing measures. The remaining four locations that are still operating are its main Business Center in District 1, as well as branches in Thu Duc, Tan Thuan, and Tan Binh.
ACB also published a list of 34 transaction offices in Ho Chi Minh City that are operating normally. Meanwhile, 103 offices are temporarily closed (mainly small transaction points) until September 6.
Nguyen Hoang Minh, deputy director of the State Bank of Vietnam's Ho Chi Minh City Branch, said that more than 300 branches and transaction offices of commercial banks are temporarily closed. However, all banks will ensure smooth payment activities to address the customers’ demands. Banks also urge customers to switch to online banking services.