Sacombank

Sacombank and VNPT-Media Corporation have entered into a tie-up that allows customers to open Sacombank payment accounts and debit cards on the VNPT Money app. — Photo courtesy of the bank Sacombank and VNPT-Media Corporation have partnered to enable customers to open Sacombank payment accounts and debit cards through the VNPT Money application without having to go to the bank. With just a phone in hand, through e-KYC, customers can open a Sacombank payment account after completing some simple steps on the app and instantly get many incentives such as choosing accounts with preferred numbers for free and waiver of fees for account management, annual recurring charge for the first year and online money transfer. They can also register to open a Visa international payment card on the VNPT Money app with the transaction limit corresponding to the payment account limit. The bank account, after being created, will be automatically linked to the VNPT Money e-wallet so that … [Read more...] about Opening Sacombank accounts with preferred numbers on VNPT Money app

The VN-Index closed the week 11.17% higher at 1,080.01 points with a 4.2% gain on Friday alone, the biggest in a session since the end of May. Average trade per session on the three exchanges – the Ho Chi Minh Stock Exchange, the Hanoi Stock Exchange and the Unlisted Public Company Market – surged 78.3% from last week to reach over VND20.4 trillion. Foreign investors net bought a record-high VND9.18 trillion in stocks during the week, with particular focus on STB of Ho Chi Minh City-based lender Sacombank, HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation. They net bought VND14.9 trillion in November, highest this year. Analysts with brokerage VNDirect said that investors have been encouraged by expectations that the U.S. Federal Reserve will slow down its interest hikes, the reopening of the Chinese economy and a redistribution of credit quota to certain banks. Bank stocks have recovered strongly with a 16.3% gain for VCB of … [Read more...] about VN-Index gains 108 points in a week

The index lost nearly 45 points after rising 13.7 points Monday. Trading value surged 11.8% to VND23.45 trillion ($977.08 million). The VN30 basket, comprising the 30 largest capped stocks, saw all tickers falling. Nine blue chips hit floor price, including HPG of steelmaker Hoa Phat Group, NVL of real estate developer Novaland Group and STB of Ho Chi Minh City-based lender Sacombank. Some major decliners were TCB of the largest private lender Techcombank and TPB of private TPBank, both down 6.7. SSI of leading brokerage SSI Securities Corporation fell 6%, while VCB of state-owned lender Vietcombank lost 5.9%. Foreign investors were net buyers for the 12th straight session to the tune of VND784 billion, mainly buying SSI and VHM of property giant Vinhomes. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 3.26% while the UPCoM-Index for the Unlisted Public Companies Market fell 3.03%. … [Read more...] about VN-Index plunges