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Banking News (Week 22, 2021)

Banking News (Week 22, 2021)

Friday 04, 06 2021
Following is the news brief on Vietnam’s banking industry for the 22nd week of 2021 compiled by VietnamCredit.

+ Vietnam Public Commercial Joint Stock Bank (PVcomBank) and Dong Thap University have recently signed a strategic cooperation agreement. Accordingly, PVcomBank will provide tuition collection and refund services for all students, reducing the burden of administrative procedures for the school. Specifically, at PVcomBank's transaction counters, students only need to present necessary documents at the request of the bank to complete and pay tuition fees. On the other hand, students can also pay tuition fees in the form of interbank via an application, internal transfer, check transactions and refund tuition fees at PVcomBank's transaction counters.


+ Saigon - Hanoi Bank (SHB) deploys the feature of opening account numbers personalized to customers’ desire through the channel via SHB Internet Banking/Mobile Banking. After only five seconds of registration by phone or computer, customers can easily own an account number based on their phone number, date of birth, or feng shui, with many incentives. In addition, all customers who open a super VIP digital account based on feng shui number, fortune number, prosperity number, etc., on SHB Internet Banking/Mobile Banking channels will enjoy a lifetime free promotion program on most types of fee: Account package management fee; 24/7 fast interbank transfer fee; Regular interbank transfer fees, etc.

+ From May 24 to September 23, 2021, Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) will offer many incentives for customers who open a new SeABank international credit card, such as cashback for the first transaction, refund first-year annual fee, receive discount code at Shopee, and especially a travel voucher worths up to 30 million VND. For each customer who successfully registers to open a new card, SeABank will immediately give them two discount codes worth 50,000 VND/code when shopping at Shopee. The total value of gifts for this item is up to one billion VND.


+ Thanks to the application of digital technology, AI, multi-channel integration, and multi-tasking to maximize customer needs, on May 20, 2021, VPBank Call Center was highly acclaimed in the Outstanding Customer Experience - Contact Centre category of the Digital CX Awards 2021. VPBank 24/7 Call Center has met the highest standards set by the Organizing Committee and achieve this title. The Call Center not only answers customers' simple questions and requests but also fully supports several types of transaction such as installment - issuance - cash withdrawal from credit cards, transfers between customers’ current accounts, confirm loan information, issue and change mortgage car passport, express documents delivery, etc.

+ Ban Viet Bank has just implemented the "An Phuc Savings" package - a convenient "2 in 1 combo". The package applies to individual customers who open a deposit account in VND at transaction points and issue new AIA insurance policies at the same time. With the "An Phuc Savings" package, customers can register to open an account with a term of six, nine, 12, or 24 months with a minimum deposit limit of VND 100 million.

+ The State Securities Commission has just issued a document confirming the results of the issuance of shares to pay dividends in 2019 of Saigon - Hanoi Bank (SHB). Thus, SHB has successfully issued more than 175 million shares, thereby raising its charter capital and equity to more than 19,260 billion VND and 38,959 billion VND respectively.


+ Vietnam Maritime Commercial Joint Stock Bank (MSB) has continuously introduced competitive products to the market, especially the super free MSB account package – providing nearly 50 free types of fees and many surprising offers for customers. MSB also offers customers a completely free online digital account opening program. The program applies to digital accounts with customized account numbers, worth up to 2,000,000 VND.

+ Sacombank and the international card organization Mastercard have cooperated to launch shopping insurance (Purchase Protection) and ATM usage risk insurance (ATM Protection) for Sacombank Mastercard payment cards. Specifically, with shopping insurance, when shopping online or in-person at any store, the cardholder will be insured when the goods are damaged or stolen within 180 days from the date of purchase (based on the purchase price) with a maximum compensation value of VND 2,250,000 for each event/year.


+ 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 to 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.

Compiled by VietnamCredit


Banking & Finance

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