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Banking News (Week 23, 2021)

Banking News (Week 23, 2021)

Friday 11, 06 2021
Following is the news brief on Vietnam’s banking industry for the 23rd week of 2021 compiled by VietnamCredit.

+ HSBC Bank (Viet Nam) Ltd has just been honored at The Asset Triple A Awards 2021 – the Award that recognizes outstanding organizations in their respective field. HSBC received two awards, which were “Best ESG Trade Finance Solution in Vietnam” and “Best Bank in Treasury and Working Capital (MNCs/LLCs) in Vietnam”.

+ The Joint Stock Commercial Bank For Foreign Trade Of Vietnam (Vietcombank) has just lowered loan interest rates and fees simultaneously for customers in Bac Giang province and Bac Ninh province. The new rates and fees will be applied for three months, from June 1 to August 31 of 2021.


Specifically, the loan interest rates will be lowered by up to 1.0% a year for VND, up to 0.5% a year for foreign currency. The rates will apply to existing and new loans of businesses and citizens in Bac Giang and Bac Ninh. Rates reduction will not include outstanding loans being applied with Vietcombank’s preferential interest rate policy.

Fees will be reduced up to 50% for company customers. Individual customers will enjoy an exemption of basic fees (account package, money withdrawal fee, etc.).

+ Vietcombank just commenced their online account opening service. With outstanding technology, the service will assist customers to open accounts at any time, any place without any limit. The service applies to customers of at least 18 years old who have never made any transaction (never had CIF number to be specific) at Vietcombank.

+ Home Credit Vietnam announced that when consumer loan borrowers download and log in to their application, the borrowers will have a chance to join a lucky draw. The special prize of the draw is an exemption from one installment period that worths 2 million VND maximum. The login must be successfully made from June 1 to July 15. The promotion applies to those who already have a Home Credit credit contract and would make new borrowings within the promotion period.

+ An Binh Commercial Joint Stock Bank (ABBANK) is deploying their Preferential Loans and Business Loans programs, with interest rates from 7.2% a year and from 7.0% a year respectively. Specifically, the disbursement limit for the Preferential Loans package is 5.500 billion VND, which applies for individual customers needing loans for house buying, car buying, house innovating/repairing, consuming loans, etc. The minimum loan term is 24 months.


+ The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just implemented its new generation ATM system in 43 provinces over Vietnam. With this new generation ATM, customers can directly deposit cash into accounts for friends, relatives, or partners who jointly own Techcombank accounts. The deposit is up to 100 million VND/day. The cash withdrawal limit is up to 20 million VND for card transactions.


+ Sacombank started their summer promotion with a lot of good incentives for individual and company customers. The promotion applies when using services at transaction counters, online, and by Sacombank cards. The promotion is for new or returning individual and company customers of Sacombank and will last until August 31, 2021.

+ From now until August 31, 2021, Sacombank will deploy a promotion in line with the anniversary of one-year cooperation with Tiki. The promotion applies for newly opened Sacombank Tiki Platinum accounts, Specifically, first-time users will be awarded a 100% annual fee for their first year when they have made transactions worth 2 million VND on Tiki/Ticket Box or These transactions should be within 30 days counting from the activation date.

+ From May 31, 2021, customers can open non-physical Mastercard and Visa card on Sacombank Pay application after performing online authentication (eKYC) and creating payment accounts online (in case customers still have not had Sacombank payment account).



Compiled by VietnamCredit

Banking & Finance

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