Sacombank signs up to lend to enterprises affected by COVID-19

Sacombank and 15 other banks have signed credit contracts to provide preferential loans to corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.

Deals signed to promote links between local supporting industries, global supply chain

The HCM City Centre for Supporting Industries Development, Saigon Hi-Tech Park and Techtronic Industries Co. Ltd. have signed a memorandum of understanding to improve the capacity of supporting industries and link up vendors with the company’s supply chain.

Sacombank cardholders get special offers for ‘Red Sale Carnival’ at Vincom malls Through July, on the occasion of ‘Red Sale Carnival’ at Vincom shopping malls, Sacombank credit card and international payment card holders will receive special offers when shopping at Vincom chain in Hà Nội and HCM City.

HDBank to pay dividend at a rate of 65%, focus on digital transformation The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) plans to pay 2019 dividend at a ratio of 65 per cent, with 50 per cent in stocks and 15 per cent in bonus shares.

Central bank plans to pilot fintech regulatory sandbox

The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.

GBG Predator with Machine Learning Simplifies and Improves Fraud Detection for Credit Card, Mobile, Digital Payments and Digital Banking Transactions GBG Predator with Machine Learning Simplifies and Improves Fraud Detection for Credit Card, Mobile, Digital Payments and Digital Banking Transactions

Techcombank raises US$500 million in its inaugural syndicated offshore loan facility Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) received full disbursement of its inaugural US$500 million syndicated loan facility (the Facility).

Mobile money pilot project submitted to PM for approval

A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Việt Nam, Governor of the State Bank of Việt Nam Lê Minh Hưng said at the dialogue between the PM and the business community on Saturday.

Techcombank delivers record first quarter 2020 Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) recorded after-tax profit reached VNĐ2.5 trillion (US$106.5 million) in the first quarter of this year, posting a 19.8 per cent year-on-year increase.

Providers urged to lower banking service SMS charges The Việt Nam Telecommunications Authority has urged telecom companies to lower charges for banking services via SMS for local banks so they can cut fees and promote cashless payments.