Vietnam

Sacombank-STB and ShinhanVina Bank successfully connected with the VNBC network.

Techcombank selected Experian to provide customer credit risk, analytics and services to support its growing customer portfolio.

Standard Chartered Bank Viet Nam has offered 12 per cent interest on current accounts. E-Saver current account customers will enjoy 12 per cent annual interest rates, with no lock-in periods, no minimum balance requirements and no monthly fees. Customers can open their E-Saver current accounts online in less than three minutes.  

Eximbank is offering free service to keep gold holdings for clients as interest rates on deposits of the precious metal continue to fall.

With over 60 billion dong profit in the first quarter of this year, Namvietbank-NVB fulfilled 22 per cent of the year's plan.

Techcombank and Wells Fargo Bank signed an MoU to jointly provide banking and financial services for corporate customers of each other in Vietnam and the US.

VietABank issued short-term certificates of deposit in gold and dong for terms of 1-11 months.

Kim Jeong-tae, Hana Bank president, expressed his interest in launching operations in Vietnam and he met with senior Vietnamese financial officials.

Sacombank is pondering about changing the operation method for its branch in Laos.

VietinBank signed a deal for increased cooperation with UniCredit S.p.A., the biggest bank in Italy.

Italian banking group Intesa Sanpaolo and Vietcombank have signed a mutual agreement aimed at supporting corporate clients in developing internationalization plans in Vietnam and Italy.

Cathay United Bank's Chu Lai branch may hike its chartered capital after The State Bank of Vietnam governor Nguyen Van Giau approved the application.

LienVietBank, has opened a branch in Vung Tau City and is offering a credit line of VND300 billion to develop agriculture and rural areas in the province and neighboring provinces.

SaigonBank has approved the 2011 business plan in the annual general meeting with targeted pre-tax profit of 350 billion dong and dividend payment of 11 percent.

The lender’s launching of its second branch in Vietnam and its first priority banking service signifies its commitment to reach out to customers in the country.

Vietnam is the first Asia Pacific market in which HSBC has launched the Integrated Receivables Solution service consisting of VirtualAccount, consolidated collection reporting and receivables advising.