Banking News (October 15th, 2020)

+ HSBC Vietnam and Talentnet, a Human Resources consulting firm recently signed an agreement to provide a digitalized payment process solution (HSBC Connect). Talentnet became the first Vietnamese company that HSBC Vietnam provides this platform, conducting digitalization in the process of payment transactions. Accordingly, Talentnet does not need the traditional process that manually uploads payment files to the bank's website platform anymore. Talentnet can use a minimalist and fully-automated payment process, through HSBC Connect digitalized payment process solution.
 
+ Kienlongbank cooperated with AIA Vietnam to implement the promotion program "25 years: Golden Birthday - Golden Health protection solution" with the total prize value of more than VND 100 million. Accordingly, customers, who buy life insurance at Kienlongbank with the time of issuing insurance contracts from October 1st to December 26th, 2020, and the contract value of VND 10 million or more, will be given a prize code for participating in the program's lottery.

 
+ An Binh Commercial Joint Stock Bank (ABBANK) has officially launched the international credit card line “ABBANK Visa Cashback” with the message "Stylish consumption, instant cashback". It features an attractive cashback policy of up to 5% of the transaction value. Accordingly, customers who use ABBANK Visa Cashback card will get a cashback of 5% of the transaction value, up to VND 7.2 million p.a. This is diversely applied to spending and online payment regardless of domestic and foreign countries.
 
+ TPBank has successfully implemented the project to connect trans-international payment serviceswith The National Payment Corporation of Vietnam (NAPAS) and BC Card, a leading card issuer in South Korea with more than a quarter of the market share. With this project, all domestic ATM cardholders of TPBank can immediately conduct payment and withdrawal transactions at 3 million locations that accept card payments and nearly 40,000 ATMs of BC Card’s banks in South Korea. This is the first time a bank in Vietnam has provided trans-international payment services for ATM cards in the South Korean market.
 
+ Recently, at the awards ceremony "Famous Brands - Competitive Brands in Vietnam 2020" in Hanoi, Eximbank was ranked one of "Top 20 famous brands in Vietnam 2020" by Vietnam Intellectual Property Association. Previously, the Bank of New York Mellon (USA) granted the STP Award (Straight-Through-Processing) 2019 - Outstanding international payment quality for Eximbank with the STP ratio of more than 98%. 
 
+ From now to the end of October 31st, 2020, the National Payment Corporation of Vietnam (NAPAS) cooperates with Vietnam Bank for Agriculture and Rural Development (Agribank) to launch two promotional programs, namely “Smart payment - Awesome Gifts” and  “Make chip card transactions, Receive awesome gifts”. These promotions are applied for customers with Agribank domestic chip card. Accordingly, customers who make payments with Agribank Napas domestic chip cards at POS machines will have the chance of receiving prizes, with a total prize value of nearly VND 1 billion.
 

+ Vietnam Airlines and Standard Chartered Bank (Vietnam) have officially launched Vietnam Airlines - Standard Chartered EliteFly debit card. This is the first card in Vietnam that allows customers to earn Lotusmiles from transactions with a debit card and enjoy exclusive offers and premium banking services.
 
+ Sacombank has just launched a loan program of up to 70% of the investment capital needs of solar power projects for corporate customers in the Southwest, Southeast, South Central, and Central Highlands regions. The preferential interest rate is 8.5% p.a. for the first year with a maximum loan period of 96 months.
 
+ The Bank of New York Mellon (BNY Mellon) honored Sai Gon Joint Stock Commercial Bank (SCB) with the STP (Straight-Through Processing Award) 2019 - Outstanding international payment quality. That is because the bank’s international payment and trade finance showed positive growth.
 
+ LienVietPostBank and its audit partner, KPMG are actively implementing the Internal Capital Adequacy Assessment Process (ICAAP), expected to be completed in the fourth quarter of 2020. Applying ICAAP will bring benefits to LienVietPostBank. Accordingly, the bank establishes a complete capital management framework that allows efficient resource allocation to maximize profits and protect compliance targets of the bank. Also, ICAAP helps the bank to devise a business strategy that ensures harmony among profit, risk, and capital management.

 
+ From now to the end of December 31st, 2020, Sacombank has launched the promotion program of “Enjoy spending, get great cashback”. Sacombank Visa credit cardholders (except for corporate cards and supplementary cards) when making payments and shopping at international websites will get a cashback up to VND 3 million. To be specific, cardholders can enjoy 1%, 3%, and 5% cash back for every spending below VND 10 million, from VND 10 to 50 million, and above VND 50 million, respectively.