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Banking News (Week 17, 2021)

Banking News (Week 17, 2021)

Friday 30, 04 2021
Following is the news brief on Vietnam’s banking industry for the 17th week of 2021 compiled by VietnamCredit.

+ ABBANK has just introduced a series of policies to customers. In particular, customers who want to use AB Ditizen will be able to open a new account using their phone numbers without going to a transaction counter. The service will be free of charge for these customers throughout 2021. Additionally, from now until October 15, 2021, customers with new digital international payment cards successfully activated on the AB Ditizen application will be awarded 50.000 VND to their accounts.

+ Standard Chartered Bank (Vietnam) Limited has officially signed a cooperation agreement on the lease of premises to locate the new head office and branch at Capital Place high-end office building at 29 Lieu Giai street, Ba Dinh, Hanoi. The new office and branch of Standard Chartered Vietnam are expected to go into operation by the end of this year.

Standard Chartered Bank

+ HDBank has just launched the Privilege customer service program with many outstanding privileges. Accordingly, Privilege customers of HDBank will enjoy privileged offers from a unique ecosystem, including aviation, banking, consumption relaxation. The offers include: Using business class lounges in international airports; unlimited use of business class lounges at Tan Son Nhat airport and Noi Bai airport; preferential use of Vietjet Air Platinum card - 5% discount on flight fares; travel insurance worth up to 11 billion VND; a 24 hour, worldwide assistance service for traveling and health, etc.

+ From April 15, 2021, Bac A Commercial Joint Stock Bank launched the "Special offers for owners of BAC A BANK - TH truemart co-branded card" program. Specifically, when signing up for the program, customers will receive a refund of 20.000 VND for bills value between 100,000 and 200,000 VND; a 10% refund (not exceeding 50,000 VND maximum) for bills value at more than 200,000 VND. Each customer can use this promotion offer once a week when their transaction is qualified for the promotion. Customers will receive the refund within 15 days, starting from the day transactions were made.

Bac A Commercial Joint Stock Bank

+ From April 19 to July 11, 2021, NCB (National Citizen Bank) implement the “Ambassador IZI – The unlimited tings” promotion, with a total prize value of 600 million VND. Accordingly, each customer who introduces friends and family to sign up, activate, and successfully identify their NCB iziMobile account will receive 30.000 VND per referral on their accounts. Prizes for the referrer are unlimited; the more referrals, the bigger the bonus.

+ From April 19, 2021, Southeast Asia Commercial Joint Stock Bank (SeABank - stock code SSB) started the service of buying and selling SJC gold bars at five transaction points of the bank in Hanoi and Ho Chi Minh City. In addition, customers with the most gold buying transaction at SeABank will have a chance to receive prizes value up to around 112.5 grams of gold.

Southeast Asia Commercial Joint Stock Bank

+ From now until May 15, 2021, HD SAISON will implement a promotion called “Holiday celebration – Loan comes with prizes for the nation” for customers applying for installment loans at 20.000 service introduction places nationwide. HD SAISON will give away 500 prizes each day for 30 days consecutively. There will be 15.000 prizes that add up to a total value of 300 million VND for customers borrowing from HD SAISON.

+ From now to the end of December 31, 2021, customers wishing to buy townhouses and sovereign properties will enjoy preferential interest rates from VPBank with a flexible term of only 5.9% a year for the first three months, 8.1% a year for the first six months or 8.9% a year for the first 24 months. Customers can borrow up to 75% of the collateral value, and the disbursement limit is up to 20 billion VND. VPBank also supports customers with a 12-month grace period for loans with a minimum term of 4 years. That means customers will not have to pay principal to the bank for the first year but only need to pay interest.


Compiled by VietnamCredit

Banking & Finance

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