BIDV rejects rumour of its chairman’s arrest The Bank for Investment and Development of Vietnam (BIDV) has rejected the rumour that its Chairman of Board of Directors Tran Bac Ha was arrested. The bank issued a statement on the evening of February 21 saying that the rumour is a fabrication for ill purposes. “On the morning of February 21, while the management of BIDV was attending a meeting under the chair of Chairman Tran Bac Ha on the implementation of its business plan, the Prime Minister’s resolutions No. 01 and 02/NQ-CP and the State Bank Governor’s 01/CT – NHNN Directive, a rumour spread that the bank’s leader was arrested,” the statement said, adding that the rumour had affected the BIDV’s prestige as well as the Vietnamese securities and financial markets. Therefore, the bank reported the incident to the Security Department II under the Ministry of Public Security, which assessed that those who spread the rumour aimed not only to make profit but also to damage the financial-banking market. The bank’s statement cited Major General Trinh Van Thong, Vice Director of the Security Department II as saying that the department is investigating the culprit who started the rumour. It affirms that the bank is operating normally. Source: VNA