Sacombank retrieves VND2.6 trillion of debt from FLC Group

Sacombank retrieves VND2.6 trillion of debt from FLC Group

Mr. Duong Cong Minh, Chairman of Sacombank's Board of Directors, informed that the bank has now handled and recovered VND2.6 trillion (US$113.44 million) out of VND3.2 trillion ($139.85 million) of loans from FLC Group, and FLC will repay the remaining loan within a month.
FLC “ecosystem” insignificantly affects Vietnam’s economy

FLC “ecosystem” insignificantly affects Vietnam’s economy

After Trinh Van Quyet, Chairman of the Board of Directors of FLC Group, was arrested and detained, many experts said that although stocks in the "ecosystem" of FLC attracted many investors, because of its rather small scale, it cannot affect the stock market in particular, as well as the economy in general.
Vietnam’s commercial bank credits on a roll

Vietnam’s commercial bank credits on a roll

Credit ratings for Vietnam is on an upward trend at the start of 2021 despite the raging pandemic thanks to the recovery in production, business and exports as well as new preferential loan policies to support domestic companies, experts stated.
At the ceremony

Sacombank uses QR code payment

Sacombank and the UnionPay International have just signed cooperation agreement in implementing the QR code payment from Sacombank UnionPay card across over the world.
Sacombank and VAMC representatives sign the cooperation agreement

Sacombank sells VND2,580 billion deep debt to VAMC

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has also signed contracts to sell three debts worth VND2,580 billion (US$114 billion) to Vietnam Asset Management Company (VAMC).
 
 (Photo: Sacombank)

Sacombank settles over VND2.52 trillion deep debt

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) yesterday said that it handled VND2,520 billion(US$111 million) of bad debt and set aside VND5,044 billion ($222 million) for credit risk provision in the first seven months this year.