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After 27 years of development, VIB has achieved outstanding landmarks. It is one of the leading banks in the market in terms of retail lending ratio and profitability. — Photo courtesy of the bank Vietnam International Bank (VIB) is offering unlimited promotions to express its gratitude to customers to mark the 27th anniversary of its establishment (September 1996-September 2023). VIB is offering up to VNĐ500 million (US$20,600) to MyVIB users from now until December 2023 as part of this year's largest sale campaign titled "The more you use, the more you earn," for new and existing customers using MyVIB digital bank. The total value of gifts is more than VNĐ11 billion ($453,328). For each valid money transfer, payment transaction, or referral of a new user to MyVIB through the 'Refer a friend' feature on the app, users will receive a turn to participate in the lucky draw to win a series of attractive gifts worth up to VNĐ500 million ($20,600), the bank said. It added that … [Read more...] about VIB offers unlimited promotions for customers to celebrate 27 years of establishment

US banks push deals in Vietnamese market - documentary photo Tien Phong Commercial Joint Stock Bank (TPBank) last week announced the signing of a seven-year, $100 million loan from the US Development Finance Corporation (DFC). The announcement was made during the state visit of US President Joe Biden to Hanoi. This financial injection is designed to benefit a range of beneficiaries in Vietnam, with an emphasis on personal banking clients, micro enterprises, and small- and medium-sized enterprises (SMEs). A notable feature of this initiative is the focus on supporting women with lower incomes and businesses owned or led by women in the country. Established in 2019 under the Better Utilisation of Investments Leading to Development Act, the DFC primarily seeks to funnel private capital into the developing world. Do Anh Tu, deputy chairman of TPBank, said, “Embracing digital transformation for sustainable growth has been a consistent direction for TPBank over the past decade. … [Read more...] about US banks push deals in Vietnamese market