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Banking News (Week 33, 2021)

Banking News (Week 33, 2021)

Friday 20, 08 2021
Following is the news brief on Vietnam’s banking industry for the 33rd week of 2021 compiled by VietnamCredit.

SeABank

Southeast Asia Commercial Joint Stock Bank (SeABank) and Corporations Of Viet Nam Post Office (Vietnam Post) have signed a cooperation contract to deploy remote banking services. Under the cooperation agreement, SeABank will provide customers of Vietnam Post with a solution to open bank accounts and open savings books at SeABank remotely for customers via electronic means on the Postal network's post office network. electricity in Vietnam, and at the same time use the accompanying banking services. The signing of a cooperation contract to deploy remote banking services helps Vietnam Post's customers to access banking services more easily and conveniently, especially while many provinces and cities are performing social distancing.

SeABank

HDBank

On the modern technology platform of HDBank, with the online payment account opening service, corporate customers do not need to go to the transaction counter to complete the procedure, but only need to access https://online.hdbank. com.vn/motktt/ for implementation. When successfully opening an online payment account, the enterprise is given a "Preferential fee of 5 million VND" by HDBank and many other attractive incentives.

HDBank

For the 24/7 online business credit program, customers only need to register online on https://partner.hdbank.com.vn/caphanmuctindung/?lang=en. The automatic approval system will immediately respond to the optimal financial plan for the business. HDBank is committed to consulting within 24 hours, simple procedures,and ensuring the confidentiality of customer information.

NCB

National Citizen Commercial Joint Stock Bank (NCB) was honored by Global Banking & Finance Review (GBAF) in three important award categories, affirming the outstanding quality of Vietnamese-branded banks in the international financial market. This is also the second year in a row that NCB has won the award "Best Place to Work Vietnam" from GBAF. The award is given to NCB for possessing an experienced leadership team, high-quality human resources, and constantly creating a friendly, professional, open working environment with human resource training and development programs, attractive remuneration, and many employee engagement activities.

NCB

MSB

Vietnam Maritime Commercial Joint Stock Bank (MSB) will sell 100% of the capital of the financial company, and may soon seek shareholders' opinions on selling capital to foreign partners. According to MSB, instead of selling 50% of the capital of FCCOM finance company as planned, the bank plans to sell all of its 100% capital. Currently, 2-3 partners are working with the bank and the deal is expected to be completed in 2022, depending on the licensing of the State Bank. In the immediate future, MSB will increase capital by more than 3,500 billion VND through issuing shares to pay dividends to shareholders at the rate of 30%, thereby increasing its charter capital to 15,275 billion VND. Currently, MSB is waiting for the State Bank to approve and complete the procedures to pay dividends in the third quarter of 2021.

MSB

+ On August 10, 2021, Deputy Prime Minister Le Minh Khai signed and promulgated Decision No. 1393/QD-TTg approving the domestic bond issuance limit guaranteed by the Government of the Vietnam Development Bank (VDB) in 2021 will reach a maximum of 17,156 billion VND. The Deputy Prime Minister assigned the Ministry of Finance to announce the maximum limit allowed to issue government-guaranteed bonds and direct and supervise VDB in accordance with the law; Take full responsibility for the content and data of the report to ensure compliance with the provisions of law. At the same time, VDB was assigned to proactively decide on the structure and term of issuance of government-guaranteed bonds according to the approved limit, giving priority to the issuance of bonds with a term of 5 years or more in favorable market times, using capital in accordance with the provisions of the law on the issuance of government-guaranteed bonds. VDB fully fulfills its debt repayment obligation of government-guaranteed bonds in 2021.

Compiled by VietnamCredit

Categories
Banking & Finance

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