Partnering to help small businesses go cashless in Vietnam
Visa, together with three Vietnamese commercial banks including Sacombank, Vietcombank and VPBank introduces smartphone-based contactless payments…
Seamless money transfers for Vietnamese Canadians
EzyRemit and Sacombank-SBR enhance remittances with faster, safer, and more affordable services for Vietnamese Canadians.
CIR at many banks in better shape
The CIR (Cost to Income Ratio) at ten of the 17 banks listed on the Ho Chi Minh Stock Exchange (HoSE) fell in the first half of 2022. Of note, the CIR of Eximbank, Sacombank, and LienVietPostBank fell 17 per cent, 9.9 per cent, and 9 per cent, respectively, compared to the first half of 2021. While LienVietPostBank’s CIR fell to 35.5 per cent, Eximbank and Sacombank’s fell sharply but were still above 40 per cent.