Banking News (December 30th, 2020)

+ Bac A Commercial Joint Stock Bank (BAC A BANK) - Thanh Tri Branch was recently opened at No 13 Cau Buou, Phan Trong Tue Street, Ta Thanh Oai Commune, Thanh Tri District, Hanoi. This is the 10th branch and the 46th transaction point of BAC A BANK in Hanoi, marking the continuous development of this bank in the past 26 years.
 
+ Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) received the highest award in Vietnam in the 2019 Annual Report. The annual report vote was organized by the League of American Communications Professionals (LACP). This is a prestigious, professional program with criteria for evaluating and ranking the annual reports of leading corporations and enterprises around the world.

 
+ HSBC Vietnam has launched a flexible savings product called Step-up Time Deposit. Specifically, full early withdrawal is permitted for Step-up Time Deposit without interest payment clawback. If customers withdraw the deposit at any time before the maturity date (early withdrawal), HSBC Vietnam will credit the principal amount to the Customer Account. The interest for the current cycle will be calculated and paid based on the Bank's current cycle demand deposit interest rate at the time of application. The interest payment of previously completed cycles is credited to the Customer Account without interest payment clawback.
 
+ BIDV Insurance Corporation (BIC) implements the program "Golden day, shocking premium" when customers purchase health insurance online. The program takes place only on December 28th, 2020. Customers who buy comprehensive health insurance BIC Tam An at website baohiemtructuyen.com.vn or on BIC Online mobile app will receive an immediate 30% discount on the premium.
 

+ Military Commercial Joint Stock Bank (MB Bank) was named as the Bank with "Best Digital Loan Product" and "Best Automobile Loan Product" 2020 by The Asian Banker magazine. The award is a recognition for MB's digital transformation efforts, bringing the bank closer to the goal of becoming "The Most Convenient Bank" in 2021.
 
+ From now until December 31st, 2020, VietinBank offers customers 7,500 IPAYGRAB preferential codes. Customers using GrabBike/GrabCar/GrabFood services on the Grab app will receive a 60% discount on the order value, up to VND 40,000 each time. Each customer can use a maximum of seven codes, equivalent to VND 280,000.

 
+ The Governor of the State Bank of Vietnam (SBV) has issued a Decision on amending the charter capital content in the Operation License of Orient Commercial Joint Stock Bank (OCB). Accordingly, OCB's operating license was amended as follows: "Charter capital: VND 10,959,063,430,000". 
 
+ From December 15th, 2020 to March 12th, 2021, Southeast Asia Commercial Joint Stock Bank (SeABank) launches the promotion program "Happy New Year - Precious Spring". Accordingly, customers who open or deposit new savings of VND 100 million with a term of 6 months or more, under the products of Savings with interest at the end of the term, Savings with monthly interest payments, Step savings, "Phat Loc" Savings, "An Phat" Deposit, Certificate of short-term deposit, Savings with prepaid interest, at the transaction counters will receive corresponding valuable gifts.

 
+ The Governor of the SBV has approved the establishment of a branch of United Overseas Bank (Vietnam) in Ho Chi Minh City. The full name of the branch is United Overseas Bank (Vietnam) Limited - Central Plaza Branch (Le Duan). It is located at Basement, Ground Floor and Mezzanine, Central Plaza Building, 17 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam.