The preferential loan programme for home purchase of young customers implemented by State-owned banks from the first quarter of 2025, with an interest rate of 5.5 per cent fixed in the first three years. It has been considered the most...
Without a further credit increase from the SBV, credit supply has become limited in the fourth quarter as credit strongly surged by nearly 14 per cent in the first nine months of this year while allocated credit room of many...
The State Bank of Việt Nam (SBV) has proactively rolled out low-interest credit packages and programmes to support people and businesses hit by storms and floods to restore production and business activities, in line with directives from the Government and...
The circular mandates that card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of institutional customers with their identity documents.
Sacombank has launched its largest customer appreciation programme of the year, “Triệu ưu đãi – Trọn tri ân,” with more than VNĐ12 billion (over US$455,000) worth of incentives on offer to individual and corporate customers throughout December to mark its...
Bad debts of the banking system have been continually improved, with the growth rate staying low at around 2 per cent after hitting more than 15 per cent in the first quarter of 2025 in the wake of an expiry...
Sacombank has received two major awards from the National Payment Corporation of Vietnam for Outstanding Performance Bank and Outstanding Bank with Innovative Service in recognition of its remarkable achievements in service innovation and expansion of its digital payments ecosystem.
Việt Nam’s rising interest rates could challenge next year’s credit growth, but experts say measured hikes may control inflation while supporting economic expansion.
The list of assets put for sale ranges from land use rights, urban housing, commercial establishments to corporate debts, reflecting the banks'' drastic efforts to handle bad debts at the end of the year.
Sacombank has been honoured by J.P. Morgan Chase, one of the world’s leading financial institutions, with ‘The 2025 U.S. Dollar Clearing Elite Quality Recognition Award’.
Vietnamese citizens must use ID cards or electronic ID cards, not passports, to verify their identity for bank transactions including payments, money withdrawals and card services.
Despite numerous state policies and credit programmes, SMEs still face serious difficulties in accessing capital, mainly due to lack of collateral, weak financial capacity, and complex appraisal procedures.
