VIB's new customers are free to transfer money online and to withdraw money at 17,000 ATMs nationwide. — Photo VIB More and more banks have started offering free services to attract customers in a very competitive market. The Vietnam International Joint Stock Commercial Bank (VIB) and Southeast Asia Joint Stock Commercial Bank (SeABank) have announced a free service policy for individual customers, for ATM withdrawals and online internal and external money transfers, starting from this month. At VIB, new customers will be free to transfer money online and to withdraw money at 17,000 ATMs nationwide, regardless of internal or external network, for six months after opening the account. The fee waiver also applies to existing VIB payment accounts that have been open for less than six months. For older accounts, VIB will waive the two fees and the fee at the counter if the average account balance in the last six months reaches VND5 million or more. These waivers exclude … [Read more...] about Banks offer free services to lure customers
Servisfirst bank online banking
E procurement system applied to banks’ projects
In order to enhance competitiveness and transparency, two major lenders have begun using the Vietnam National E-Procurement System to bid online for construction and goods supply contracts for their projects. In the opening phase, the national competitive bidding (NCB) method will be conducted by the Asian Development Bank (ADB) and the World Bank (WB), along with relevant agencies in the country over 15 bidding packages worth more than $71 million in projects funded by the two banks. See the specific list of projects: Bid notices and invitation documents for online packages will also be posted on the Vietnam National E-Procurement System (VNEPS), and bidders will compile and submit their dossiers online. According to the ADB, when accessing online bidding, parties will have to post all information regarding their technical and financial capacity, the contracts that they are or have implemented, and on their equipment and human resources. All of the information will also be recorded … [Read more...] about E procurement system applied to banks’ projects
ADB, WB promote online bidding in Vietnam
Through the active coordination between the Public Procurement Agency, under the Ministry of Planning and Investment, and the two multilateral development banks, modules for the online bidding of construction and procurement packages of goods in the form of national competitive bidding (NCB) in projects funded by the two banks has been successfully built and integrated into the VNEPS from January 1. In the first phase, the banks and related agencies are expected to carry out online bidding for 15 bidding packages totalling more than US$71 million. Detailed information on the online bidding packages is posted fully and regularly at http://muasamcong.mpi.gov.vn. Bidding notices for online bidding packages will also be posted on VNEPS. When conducting online bidding, bidding documents are posted and available to download for free on VNEPS and the contractors will make and submit bids completely online. Contractors are suggested to learn about the VNEPS System and online bidding process. … [Read more...] about ADB, WB promote online bidding in Vietnam
Banks warn against online transaction fraud
Banks warn against online transaction fraudThe Saigon Times Daily Customers are seen withdrawing money at an ATM in Hanoi. Local banks warn bank customers of possible online fraud during Tet - PHOTO: VNA HCMC – Local banks have issued warnings against online transaction fraud to their customers, since such trickery practices as stealing banking passwords when customers withdraw money at ATMs or make online payments are substantially common during the Tet Holiday, Nguoi Lao Dong Online reported. Asia Commercial Bank, commonly known as ACB, has sent warning notices via email to their customers, asking them to secure their banking personal information against swindlers. According to the bank, customers should stay highly vigilant against entering one-time passwords and usernames to their bank accounts on fake banking websites. There are several fake websites that pretend to be banks’ official ones or international money transfer channels to trick bank customers to … [Read more...] about Banks warn against online transaction fraud
Banks to face fine over ATM , online service chaos
In addition to sending documents to banks, the state bank will also pay visits to banks especially banks having ATM in industrial parks and export processing zones in the city to keep an eye on operation of these machines. Banks have to send their men to ATM location to handle incidents so that ATM can operate relentlessly to meet workers’ demand of withdrawing money. Customers have had angry at the ATM chaos in these days when Tet holiday ( the Lunar New Year) is approaching. Mr. Minh stressed during inspection, banks will get fine if they have been found not to put money into ATM or their ATMs don’t work as properly as they have to. The central bank sent its document on January 31 asking commercial banks and credit institutions in the cities and its branches in provinces to ensure operation of ATMs In spite of the central bank’s direction, many ATMs still broke down. For instance, staffs of Nguyen Tri Phuong hospital complained seven ATMs of Vietcombank and BIDV … [Read more...] about Banks to face fine over ATM , online service chaos