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China's Securities Times newspaper in an editorial on March 15 said that the collapse of Silicon Valley Bank (SVB) will not affect the national financial system but brings an important lesson for the banking industry. goods from this country. According to the editorial, a bankruptcy like SVB is unlikely in China. But this incident will have important implications for the development of small and medium-sized lending banks, as well as the stability of China's financial system. The newspaper also emphasized that the country's financial industry should seriously draw lessons from the event and always prioritize risk prevention and control. The SVB's closure on March 10 sent shockwaves through global financial markets, forcing US President Joe Biden to rush to provide assurances that the financial system remains safe. dl nightclub In December 2022, the People's Committee of Quang Tri province had a report on the proposal to reallocate the support capital from the central budget according to the Government's Decision No. 118/QD-TTg dated December 27, 2020. However, the project has not been approved yet.