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Banking News (Week 21, 2021)

Banking News (Week 21, 2021)

Friday 28, 05 2021
Following is the news brief on Vietnam’s banking industry for the 21st week of 2021 compiled by VietnamCredit.

+ Standard Chartered Vietnam has just launched their biggest program of the year called "Trade to Win Big", applies for Vietnamese customers over 18 years old living in Hanoi or Ho Chi Minh City. When participating in the program, customers will have the opportunity to receive valuable prizes, including a package trip to Anfield, Liverpool, England, exclusive Liverpool merchandise, and an online meeting with the legends of Liverpool Football Club.

Standard Chartered Vietnam

+ From now until the end of August 8, 2021, Sacombank will launch a promotion called "Give away thousands of flight miles – Open Sacombank Vietnam Airlines Visa credit card now". This promotion will be applied for new customers who open new Sacombank Vietnam Airlines Visa cards of Signature or Platinum class. Accordingly, customers who open a new card with a transaction turnover of 5 million VND within 30 days from the date of card activation will be awarded Lotusmiles bonus miles of 5,000 miles and 2,500 miles - corresponding to Signature and Platinum class respectively.

+ Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has just held a Kick-off Ceremony for the Investment Project of Retail Loan Initiation System (RLOS) with the Joint Venture of FPT Information System Company Limited (FIS) and Nucleus Software Exports Limited. The system is deployed to implement the digital transformation strategy and systematize internal processes.

Vietcombank

+ From now until July 31, 2021, Sacombank will launch the Combo 4.0 with many preferential fees for individual customers using Sacombank eBanking services (including Internet Banking, Mobile Banking) and the financial application Sacombank Pay. When register for Combo 4.0, customers will enjoy utilities including: free of charge for all transactions via Sacombank eBanking, free transfer of money to account numbers and domestic cards on Sacombank Pay, free automatic transaction alert for payment accounts, free issue/annual payment card. At the same time, if customers have an average payment account balance of 10 million VND/month, the Combo, which costs 50,000 VND/month, will be free of charge.

+ The State Bank of Vietnam (SBV) has issued Decision No. 823/QD-NHNN on amending the content of charter capital in the operation license of Nam A Commercial Joint Stock Bank (Nam A Bank). Accordingly, the SBV approved the amendment of the charter capital specified at Point 4, Operation License No. 0026/NH-GP dated August 22, 1992, issued by the Governor of the State Bank to Nam A Commercial Joint Stock Bank; and Clause c, Article 1 of Decision No. 160/QD-NH5 dated August 22, 1992, of the Governor of the State Bank of Vietnam on the granting of Operation License to Nam A Commercial Joint Stock Bank as follows: Charter capital is 4,564,468,430,000 VND.

The State Bank of Vietnam

+ The Hanoi Branch of the State Bank of Vietnam has issued Document No. 891/HAN-TTGS2 dated May 7, 2021, approving to change the location of Minh Khai Transaction Office of Vietnam Maritime Commercial Joint Stock Bank (MSB). From May 10, 2021, Vietnam Maritime Commercial Joint Stock Bank - Branch of Transaction Office announces the change of name and location of Minh Khai Transaction Office, specifically as follows:

Old name and location: Vietnam Maritime Commercial Joint Stock Bank - Transaction Office Branch - Minh Khai Transaction Office, No. 244 Minh Khai, Minh Khai Ward, Hai Ba Trung District, Hanoi. Current name and location: Vietnam Maritime Commercial Joint Stock Bank - Transaction Office Branch - Times City Transaction Office, Shophouse SH-15, Century Tower Building, No. 458 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Hanoi.

+ From May 17, 2021, Agribank has implemented the policy of free domestic money transfer for individuals and corporates with payment accounts at Agribank. The policy is applied simultaneously at 2,300 branches and transaction offices nationwide and on Agribank's e-banking channels. The payment channels that apply the free policy include money transfer service in the Agribank system, applicable on all payment channels: transaction counters, ATMs, Agribank E-Mobile Banking, SMS Banking, Bankplus. Money transfer service outside the Agribank system is also completely free and applied on electronic banking channels: ATM, Agribank E-Mobile Banking.

Agribank

+ From now until June 30, 2021, BAOVIET Bank will implement a preferential loan interest rate program for existing corporate customers in 2021 with a credit package limit of 3,000 billion VND.

+ Vietbank has just launched a program called "Win Fancy Cars – Fantastic Summer". Specifically, savings customers at Vietbank will have the opportunity to 'win a fancy car’ and receive many other attractive prizes. The program implementation period will be from May 17, 2021, to the end of August 13, 2021, and will apply to the entire Vietbank system for term savings products, option savings, account products Package VB 4.0, VB 4.0 Ultra payment account of Vietbank.

Vietbank

+ Nam A Bank officially put the Thua Thien Hue branch into operation. The branch’s address is 175 Ba Trieu Street, Xuan Phu ward, Hue city. The branch brought the total number of transaction points of the whole system to a total of 108. The Thua Thien Hue branch is also the first branch Nam A Bank opened in 2021. At the same time, the bank is also planning to open more business units in other provinces.

Compiled by VietnamCredit

Categories
Banking & Finance

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