Customers conduct transaction at Nam Định branch on its opening day on October 23. — Photo courtesy of Sacombank

NAM ĐỊNH — Sacombank opened a branch in Nam Định on October 23 to offer modern banking products and services to individuals and corporate customers in the northern city.

With the opening of the branch at 466-470 Trần Hưng Đạo Street, Quang Trung Ward, the bank’s network expanded to 569 transaction points.

It has a presence in 50 out of Việt Nam’s 63 provinces and cities besides Laos and Cambodia, and continues to be a leader among private commercial banks.

With Nam Định Province's potential in the seafood, textile, tourism, and seafood industries, Sacombank seeks to provide the market with optimal financial solutions, enhance the competitiveness of enterprises and help exploit the province’s potential and strengths to boost its economic development.

The branch will develop product packages suitable for the locality to attract idle funds lying with enterprises and administrative and non-business units, offer support to key projects and quickly increase the number of accounts and expand electronic banking services.

It will also focus on developing customer segments that use electronic banking services, payment and collection services, bankassurance it sells together with Dai- Ichi Life, issue credit and prepaid cards, increase the number of merchants accepting cards, and install QR code payment facilities at tourism sites and industrial parks to make it a non-cash province.

Along with the grand opening of the branch, Sacombank also inaugurated the headquarter of the Nam Định Branch which cost nearly VNĐ20 billion (US$868,515).

To mark the opening of the branch, Sacombank gifted gratitude houses worth a total of VNĐ100 million to two poor local families.

Since 2012 Sacombank has expanded its network to all provinces in the south-eastern, south-western, north-central, south-central and Central Highlands regions.

It also focuses on ensuring branches have modern facilities and are in prime locations that are convenient for customers.

Thus, its transaction points quickly achieve growth and significant market share wherever they are opened.

Since the beginning of this year Sacombank has opened branches in Lào Cai, Ninh Bình and Nam Định and plans to open a Thái Bình branch in early November, completing the process of expanding to four northern provinces as part of its plan to restructure its network.

Also to mark the opening, the Nam Định branch is offering promotions for individual and corporate customers like accumulation of points to redeem for gifts, waiver of fees and loan interest rate cuts and giving customers gifts like umbrellas, helmets, raincoats, suitcases, wall clocks, tea sets, tableware sets, water boilers, kettles, hair dryers, and microwave ovens. — VNS