Vietcombank will be one of four State-owned banks to cut lending rates by 0.5 per cent starting tomorrow. — Photo Vietcombank On Wednesday, four State-owned banks said they would cut interest rates on dong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday. According to the banks, the cut followed up on the Government’s instruction to support domestic production and businesses. Under the plan, Agribank, VietinBank, Vietcombank and BIDV will reduce the rate by 0.5 percentage points per year for loans to firms in the Government’s five priority groups of agriculture businesses, producing goods for export, small- and medium-sized enterprises, enterprises operating in auxiliary industries and high-tech enterprises including start-ups. Trinh Ngoc Khanh, Agribank’s chairman, said the preferential rate policy would be applied for medium- and long-term loans, adding the bank’s profit would reduce by billions of dong … [Read more...] about Large banks cut lending interest rate to aid businesses
Banks that offer promotions
Abandoned by banks, Indonesia’s poor farmers turn to crowdfunding
Indonesian poultry farmer Yohanes Sugihtononugroho faced ruin four years ago when plummeting prices forced him to slaughter all 100,000 of his chickens and shutter his business. He blamed large-scale poultry farmers who carried out a mass cull after their birds fell sick, flooding the market and sending prices tumbling. “We were a small player fighting tooth and nail every day,” he told the Thomson Reuters Foundation. “When it all came crashing down, I was really depressed and didn’t know what I then wanted to do with my life.” Instead of turning his back on farming, the 26-year-old decided to help others struggling financially by setting up CROWDE, a mobile crowdfunding platform that allows users to invest as little as $1 in thousands of farms across Indonesia. Most of Asia-Pacific’s 422 million farms are run by smallholders with less than 2 hectares (5 acres) of land each. The majority of farmers in the region face an uphill battle to access … [Read more...] about Abandoned by banks, Indonesia’s poor farmers turn to crowdfunding
BAC A BANK stages three month birthday raffle
In order to celebrate its 24th anniversary of establishment, locally-owned BAC A BANK has launched an attractive promotional programme that will offer a raft of attractive gifts until mid-December. Bac A BANK has decided to share its birthday joy with its clients The programme is earmarked for individual clients with deposits at the bank during September 10-December 9, 2018. If a client has a deposit worth at least VND5 million ($221.24) for a minimum of six months at any of BAC A BANK’s transaction spots nationwide, they will be given a code to redeem a prize. The code can be used for joining the bank’s prize raffle based on a monthly basis and prizes organised at the end of the promotional programme. In October, November, and December, each transaction spot will grant monthly prizes to clients with valid codes. The biggest prize is a payment account worth VND2 million ($88.5). Especially, all valid codes for the three months can be used to participate in … [Read more...] about BAC A BANK stages three month birthday raffle
One small click on computer is giant leap for banking sector
Traditional bank models that depend on a network of branches have gradually converted to a more integrated model of e-banking services. Technological developments have had a wide-ranging impact on all sectors of society and the banking sector is not an exception. According to statistics from the State Bank of Vietnam (SBV), about 59% of credit institutions have deployed a digital transformation strategy in the initial stage, while 35% are in the process of working out viable strategies. Only 6% say they have not yet envisaged their own digital transformation strategy. The statistics has showed Vietnamese banks’ great readiness for the widespread implementation of digital transformation and digitalization of banking services. The expeditious development of technologies provides customers with the ability to search for and access information, while removing geographical barriers allowing them to select the most suitable services. They are considered the prime … [Read more...] about One small click on computer is giant leap for banking sector
Vietjet ticket offer sees prices start at VND 0
The tickets will be available for passengers to purchase during the golden hours from 12:00 to 14:00 (Hanoi time) everyday. The promotional fares, excluding VAT, airport fees and other surcharges, are applied to all domestic routes in Vietnam and Thailand for flights from October 15, 2018 to March 30, 2019 and on international routes for passengers travelling between September 15, 2018 and June 30, 2019. The programme is open from 12:00 to 14:00 every day on www.vietjetair.com (also compatible with smartphones at https://m.vietjetair.com) or at www.facebook.com/vietjetvietnam (just click the “Booking” tab). Payment can be easily made with Visa, MasterCard, JCB, KCP and American Express debit and credit cards as well as with ATM cards issued by 34 Vietnamese banks that have registered for internet banking. On the occasion of the upcoming Tet (Lunar New Year) 2019, Vietjet has offered millions of tickets at promotional prices on domestic routes in Vietnam and Thailand as well … [Read more...] about Vietjet ticket offer sees prices start at VND 0