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Banking News (December 10th, 2020)

Banking News (December 10th, 2020)

Friday 11, 12 2020
Check out the news brief of the banking industry on December 10th, 2020.
+ National Citizen Bank (NCB) and Novaland Group have signed a cooperation program that finances individual customers to provide customers with the best services and experiences based on the potentials and advantages of both parties. Accordingly, NCB will provide products and services such as credit, deposits, e-banking, insurance, etc. for individual customers needing to buy or invest in real estate projects of Novaland with many incentive policies. At the same time, NCB creates preferential credit packages for NCB's employees and customers transacting at Novaland and vice versa.
+ Ngan Luong Joint Stock Company and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have cooperated with Thanh Nhan Hospital to implement QR Code payment service, card swipe, and 0% interest installment payment through SmartPOS device. Accordingly, customers can easily pay hospital fees by scanning a QR-Code through the bank's Mobile Banking application or swiping cards directly at the counter without entering the card/bank account information.
Southeast Asia Commercial Joint Stock Bank (SeABank) has upgraded and integrated the experience of SeAMobile digital bank - a Smart finance application, on all devices and internet browsers. Thereby, customers will have a consistent and convenient experience on SeAMobile digital banking. The most outstanding feature is Personal financial health care, which has never been found on other banking and finance applications in Viet Nam.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been honored in the "Responsive Human Capital Initiative" category at the Vietnam HR Awards 2020. Techcombank was the only bank to receive this award. Vietnam HR Awards is an annual award organized by Labor and Social Newspaper and Talentnet Corporation.
+ From December 1st, 2020 to December 31st, 2020, Sacombank launches the promotion program "Celebrating a golden birthday -Thousands of gratitude" for individual and corporate customers. Accordingly, when individual customers have just opened or have no transaction for six months or more, they will receive 300 points of Sacombank Sapphire loyalty points as well as a free service combo for six months.
+ MoMo e-wallet has officially announced the "travel" feature with many incentives. Customers just need to turn on this e-wallet to purchase airplane, train, and passenger car tickets. The interface on MoMo is highly personalized so that users can easily search for trip information, travel route, estimated cost for different means of transportation, intuitively. Customers can choose their own seats, manage their tickets electronically, and especially take advantage of promotions without paying cash.
+ According to Home Credit Vietnam, from now to the end of 2020, online shoppers can receive many gifts from this consumer lending company and partners. Consumers purchasing electronic products on an installment plan on the online sales page of Home Credit's partners or on Home Credit's online installment payment page will have the opportunity to participate in lucky numbers. They have the chance to receive cashback with the highest prize of cashback of three installment payment terms. The total prize value of this program is up to VND 120 million.
+ BAOVIET Bank has launched a new website version at, integrating many advanced features, optimizing interaction, and experience for customers. Accordingly, the BAOVIET Website will bring an impressive experience to customers not only through a modern, trendy, and beautiful interface but also many outstanding utilities such as deposit and loan interest calculation tools, product features comparison tool, fee lookup, foreign currency conversion, information filter, etc. They will help customers easily manipulate and select information quickly and conveniently.
+ From November 25th, 2020, Saigon - Hanoi Bank (SHB) issued a "Phat Loc - 2020" Deposit Certificate for individual customers at all transaction points nationwide. This will bring more profitable investment opportunities with preferential interest rates of up to 7.5% p.a. The total par value of the issue is VND 2,000 billion. With the minimum amount of only VND 100,000, customers can easily join this program and enjoy attractive interest rates. The first year's interest rates for 6-year and 8-year terms are 7.3% and 7.5% p.a., respectively. The interest rates in the following years will be appropriately adjusted in accordance with competitiveness on the market.
+ Recently, at the Vietnam Outstanding Banking Award 2020 held by the Vietnam Banking Association (VNBA) and International Data Group in Vietnam (IDG Vietnam) in parallel with the chain even "Vietnam Retail Banking Forum 2020", Agribank was honored with two awards: "Outstanding bank in supporting investment in hi-tech agriculture" and "Bank for the community".
+ Sacombank and Visa electronic payment technology company have cooperated to implement the technology "Tap to phone - Accept contactless payments by mobile phone" for the first time in Vietnam. This feature uses the Software Development Kit (SDK), integrated by Sacombank on mMerchant application - a mobile application exclusively for merchants to meet the need for quick and convenient payments.
+ Sacombank was honored with two awards "Outstanding Retail Bank" and "Oustanding Digital Transformation Bank", held by VNBA and IDG Vietnam.
+ Standard Chartered Bank Vietnam recently launched interbank money transfer 24/7 service on SCPay, a global payment platform using cloud computing technology. This service allows business and individual customers to transfer and receive money with other banks' accounts anytime, anywhere, even on weekends and holidays. The service is applied for transfer among accounts of banks that are members of NAPAS.
+ Recently, in Ho Chi Minh City, BAOVIET Bank was honored with the "Outstanding Creative Service Products Bank" award for its BAOVIET One Care product by VNBA and IDG Vietnam. This was the fourth time BAOVIET Bank had won the Vietnam Outstanding Banking Award and was the second time-honored in the "Outstanding Creative Service Products" category.
Translated by Vietnam Credit
Banking & Finance

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