Sacombank aims to divest entire share holding at Sacombank Securities JSC

Sacombank aims to divest entire share holding at Sacombank Securities JSC

Sacombank could gain around VND150-170 billion ($6.5-7.4 million) if the divestment from Sacombank Securities JSC is successful.
Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly.
Visa partners Sacombank to launch Business Reporting, an SME spend management tool

Visa partners Sacombank to launch Business Reporting, an SME spend management tool

Visa teamed up with Sacombank to provide SMEs in Vietnam with Business Reporting, an enhanced spend management tool designed to manage business expenses.
Ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
KDI Holdings announces strategic partners in Vega City Nha Trang

KDI Holdings announces strategic partners in Vega City Nha Trang

KDI Holdings signed a strategic cooperation agreement with Sacombank and two world-leading hotel management and operation groups for Vega City Nha Trang.
Vietnam’s banking industry set to be revolutionised by big data and cloud computing

Vietnam’s banking industry set to be revolutionised by big data and cloud computing

AI, big data, and cloud computing are revolutionising industries and banking is no different. Banks in developing economies stand to benefit the most.
Local lenders prepare for pandemic shock

Local lenders prepare for pandemic shock

Public health challenges have thrown Vietnam’s banking system into gyrations, pushing lenders to become more risk averse and brace for a wave of defaults, amidst efforts to cut interest rates from the central bank to offset the economy.
Organisations rush to sell Sacombank shares to retrieve debts

Organisations rush to sell Sacombank shares to retrieve debts

Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price.
Banks sell mortgaged assets to resolve bad debts

Banks sell mortgaged assets to resolve bad debts

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
March portfolio rebalancing spells trouble for major tickers

March portfolio rebalancing spells trouble for major tickers

March rebalancings of investment portfolios may impede shares of FLC Faros, Novaland, PetroVietnam Power, and Phat Dat Real Estate.
Vietnamese lenders set sail for lucrative lands

Vietnamese lenders set sail for lucrative lands

Vietnamese banks are following their corporate clients by expanding abroad. However, lenders could also confront a combination of hurdles when going abroad, including understanding cultural differences, local regulations, and meeting strict requirements.
South Korean business pours $700 million into POS system of Vietnam

South Korean business pours $700 million into POS system of Vietnam

Around 600,000 point of sales (POS) devices will be deployed in Vietnam by South Korean financial firm Alliex.
Banks step up bad debt recovery in 2019

Banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.
Chip cards may minimise bank card crime

Chip cards may minimise bank card crime

Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards.
Sacombank partially resolves bad debts

Sacombank partially resolves bad debts

Sacombank has managed to partially resolve its bad debts through the liquidation of its real estate project in the southern city of Can Tho.
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