Viet Nam State Bank denies currency, bank failure rumors

Viet Nam's State Bank Thursday dismissed rumors of planned currency reforms and possible bank failures, one day after it devalued the dong and raised interest rates. "There will be no change in the money at this time, and no banks will collapse," said Duong Quoc Anh, director of the State Bank's Banking Department. "The Prime Minister has said that there will be no currency change. The State Bank governor has said that no banks are in trouble at all."...
Full story: Vietnam Business Finance: Viet Nam State Bank denies currency, bank failure rumors