Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.
By close of September, headline inflation had hit double digit, rising from 9 per cent in August to 10 per cent. To fight runaway inflation, Bank of Uganda has also increased its key lending.