Banking News (December 24th, 2020)

HD Saison Finance Co., Ltd reduces the consumer loan interest rate by 5% on some loan packages to support people in flood-affected areas. The implementation period of this program is from December 8th, 2020 to February 15th, 2021.
 
Nextpay Vietnam JSC was awarded "Leadership in New Merchant Onboarding 2020" by Visa. This award is the driving force for Nextpay to constantly improve the quality of its products and services and aim to reach 300,000 new payment acceptance points shortly.
 
Vietnam International Commercial Joint Stock Bank (VIB) was recognized as "Vietnam's Most Innovative Credit Card Brand 2020" by Global Brands Magazine (GBM). The continuous innovations in VIB's card segment, especially pioneering in digital transformation, have drastically changed users' experience and made it easier to access financial services, thus, contributing to a breakthrough in cashless payment technology.
 

Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) is launching attractive promotions for Sacombank Tiki Platinum cardholders with a total gift value of nearly VND 1.3 billion, including the program "Open your card now - Get a mobile phone" and many discounts and refunds. Accordingly, customers opening and successfully activating Sacombank Tiki Platinum card from November 15th, 2020 to January 15th, 2021 will receive a bonus code. All customers opening a card before and after November 15th, 2020, and having a payment transaction with a value of VND 1 million or more on Tiki during this period will also receive one bonus code (sent by messages).
 
Sacombank has been honored in the Top 100 Sustainable Enterprises in 2020 by the Vietnam Business Council for Sustainable Development (VBCSD) and Vietnam Chamber of Commerce and Industry (VCCI). Sacombank has met all criteria in the Corporate Sustainability Index (CSI). This is Vietnam's first set of indexes in the field of sustainable development, including more than 100 strict criteria integrated from international standards and practices, and current regulations of Vietnamese law. 
 
The State Securities Commission of Vietnam has just issued the registration certificate for the public offering of treasury shares to the Vietnam Maritime Commercial Joint Stock Bank (MSB), with the total offering par value of VND 825,228,110,000. After its stock issuance, MSB is expected to hold only 18 million treasury shares. This amount of shares has been approved by the General Meeting of Shareholders to sell or reward bank staff. 
 
Until March 31st, 2021, Southeast Asia Commercial Joint Stock Bank (SeABank) offers loans with an interest rate from 7.5% p.a. for individual customers and from 6.5% p.a. for business customers. In particular, individual customers can choose to borrow with a fixed-time interest rate for the first three or six months of only 2.99% p.a.