The service’s customers will be individuals or businesses who have the need for building and repairing houses. They can borrow the money (up to 100% of the construction cost) from the Sai Gon Thuong Tin Commercial Joint-stock Bank (Sacombank) and the Vien Dong Joint-stock Assurance Company (VASS).

The debt can be paid off in installments within 20 years at competitive interest rates. Moreover, collateral property will also be assured free-of-charge for 12 months. This brand-new service is expected to boost the demand in the property market.

Sacomreal, the real estate arm of Sacombank, is the trailblazer in real estate business having launched many innovative products such as mortgage loans up to 80% the value of the property, of which the term can be extended to 20 years.

One of the great challenges to the enterprises of small and medium sizes (SMEs) of Vietnam following Vietnam’s accession to the WTO is to maintain the competitiveness competence right at local market, and expand export markets. For these goals, enterprises need investing further in expanding production/business and sustainable development. Seeking the optimum financial options for the strategies of post-integration sustainable development has always been a burning question for the SMEs. Under this context, Sacombank has set up the SacombankLEASING which functions as a reliable professional financial counterpart capable of meeting the demands of investment capital, advisory operational services and commitments to growing with SMEs in the up-coming competitive period. The workshop will provide the information about the benefits and financial leasing, other related services and the professionalism committed by SacombankLEASING.

Saigon Thuong Tin Bank (Sacombank) has raised interest rates for savings in dong, a move which is expected to force other banks to follow suit.

The rates are raised by 24 to 42 basis points to 6.42% (1-month deposits), 7.92% (3-month), 8.22% (6-month), 8.58% (9-month), 8.76% (13-month), 8.94% (18-month), 9.18% (24-month), 9.36% (36-month). The rate hike is in line with recent rate movements in the market.

On August 12th, Sacombank officially launched its Sacombank Visa card and has developed the Visa payment network nationwide in order to meet the increasing demand in using international cards service in Vietnam market.

The Saigon Thuong Tin Commercial Bank, or Sacombank, has raised its chartered capital to almost VND1.9 trillion (US$120 million) from the previous VND1.25 trillion after a new share sale to its existing stakeholders