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Alliex teams up with local banks to deploy integrated POS infrastructure

The Seoul-based financial solutions provider has signed collaboration contracts with commercial lender Sacombank and state-owned VietinBank to collectively roll out a shared point-of-sale (POS) system in Vietnam.

High bad debt ratio continues troubling VPBank and Sacombank

While most credit institutions have made possible attempts to reduce their bad debt ratio to a safe level at below three per cent, VPBank and Sacombank remain cautious to be fairly high at 4.07 per cent and 3.74 per cent respectively.

Sacombank in tough battle against bad debt ratio

Sacombank's bad debt ratio was reduced to a little over three per cent, which is considered the safety limit, in less than two years.

Sacombank to auction $135 million real estate assets on June 28

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank will auction several land plots in Ho Chi Minh City and industrial land plots in Long An province through Global Auction Services JSC on this June 28.

Sacombank’s unique settlement for bad debts

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has sold collaterals for debt collection, but 90 per cent of this amount is deferred for seven years at an interest rate of 7.5 per cent per annum.

Diamond City project renamed after being transferred

The 14-hectare real estate project located in District 7, Ho Chi Minh City now has a new owner after ten years of delay.

VAMC assigned to deal with US$6.1-billion bad debts in 2018

The amount of bad debt that the Vietnam Asset Management Company (VAMC) has to deal with this year accounts for nearly half of the total bad debts VAMC has bought from banks.

Sacombank offers million-dollar real estate assets for sale in HCMC and Binh Duong province

Besides the industrial park in Long An province was offered for sale at nearly VND10 trillion (US$441 million) through the auction, Sacombank is also selling many real estate assets worth to trillions VND in Ho Chi Minh city (HCMC) and Binh Duong province.

Kienlongbank issues report highlighting its investment porfolio of US$23 million in Sacombank

Kien Long Commercial Joint-Stock Bank (Kienlongbank) has issued a report stating the invested VND521 billion (roughly US$23 million) in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) from mid-2013 through the end of September 2017.

Sacombank sold US$125.3 million of bad debts to VAMC

These debts have collateral such as real estate, value machines and equipments in Da Nang and Ho Chi Minh City.

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