HDBank, Sacombank, ABBANK, and VNG have won the ‘Best Companies to Work for in Asia 2021’ award from HR Asia, an authoritative regional publisher in the human resources industry.
Visa, one of the world’s leading electronic payment technology companies, announced that it has partnered with Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to deploy the inbound remittance transfer service through Visa Direct.
Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.
The bancassurance service offered by Sacombank and Dai-ichi Life Vietnam has won the 2021 award for Most Trusted Bancassurance Provider Vietnam from Finance Derivative, a financial and business analysis magazine published in the Netherlands.
Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) won the Corporate Excellence Award at the 2020 Asia Pacific Enterprise Awards for its outstanding achievements in business while also fulfilling its social responsibilities.
Universities have developed a variety of assistance programmes to help students access higher education, including loans, scholarships, housing and food aid.
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.
Sacombank has released its consolidated financial statements for the second quarter, with pre-tax profit going up by more than 10 percent from the same period last year to 441 billion VND (19 million USD).
Sacombank and 15 other banks have signed credit contracts to provide preferential loans for corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic.
Shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on June 5.
Financial reports released by some banks in the first quarter have reflected the adverse impacts of the COVID-19 pandemic on their business activities, with declining profits and rocketing 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.
By March 17 noon, most of the commercial banks in Vietnam had lowered their interest rates on savings accounts with terms of less than 6 months after the State Bank of Vietnam (SBV) announced its policy rate cut a day earlier.
The join-stock bank Sacombank has said its last year’s pre-tax profits amounted to 3.217 trillion VND (about 139 million USD), 21.4 percent higher than its plan for the year.
Representatives from Sacombank Cambodia, a subsidiary of the Sai Gon Thuong Tin Commercial Joint Stock Bank, presented gifts to 100 needy Cambodian families of Vietnamese origin in Phnom Penh on January 8, ahead of the upcoming Lunar New Year festival.
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit 2.491 trillion VND (102.21 million USD) in the first nine months of this year, a year-on-year rise of 89.5 percent, the bank reported.
Business
