sacombank

Vietnam businesses showcase ‘new era of innovation’ with IBM

September 20, 2022 | 19:33

Several key announcements from IBM signal progress towards digital transformation in Vietnam.

Commercial banks tighten real estate lending

April 14, 2022 | 10:07

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.

Bancassurance the catalyst for insurers to deepen footprint

April 05, 2022 | 10:00

Banks have managed to navigate their way through the chaos of the last few years by diversifying their non-interest income thanks to bancassurance services.

Sacombank aims to divest entire share holding at Sacombank Securities JSC

July 30, 2021 | 15:27

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

July 21, 2021 | 17:26

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

June 10, 2021 | 15:52

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

March 30, 2021 | 10:45

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

March 17, 2021 | 15:30

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

February 09, 2021 | 16:54

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

September 30, 2020 | 09:00

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

July 27, 2020 | 08:00

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

April 12, 2020 | 19:23

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 02, 2020 | 11:18

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

November 15, 2019 | 15:22

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.