The Power of a Penny: How Techcombank is Revolutionizing Vietnamese Financial Habits with ‘Sinh Lời Tự Động’

Techcombank’s Auto-Savings is more than just a financial journey; it’s an inspiring one, empowering millions of Vietnamese to rethink their money management strategies. From professional financial managers to retailers, working professionals, homemakers, and even beauty queens, everyone can find convenience, flexibility, and uniqueness in Techcombank’s Auto-Savings.

In the “Unlocking the Auto-Savings” podcast series, industry leaders such as Dr. Le Xuan Nghia, CEO Truong Ly Hoang Phi, Beauty Queen Le Nguyen Bao Ngoc, entrepreneur Dinh Tien Dat, KOL Nguyen Lac Huy, and Techcombank executives agree that it’s time for a solution to unlock the potential of idle funds. They discuss Techcombank’s Auto-Savings as an optimal solution, opening the door to financial freedom, helping individuals not only manage their money smartly but also stay ahead of the curve!

Funds in transaction accounts, whether a few hundred thousand or a few million VND, tend to be overlooked due to busy lifestyles or a lack of awareness about their earnings potential. In the “Unlocking the Auto-Savings Wave” podcast series, hosted by Techcombank in collaboration with CafeF, CEO Truong Ly Hoang Phi identified three significant risks associated with idle funds: loss of value due to inflation, missed investment opportunities, and a stagnant mindset resulting from inactive funds. With his extensive experience in startups, this Shark emphasized, “If your money is not invested or utilized properly, you will lose the earning potential it could have generated.”

According to CEO Truong Ly Hoang Phi, individuals and businesses face risks such as missed investment opportunities, reduced real value due to inflation, and a lack of resources to seize opportunities. For businesses, inflexible cash flow can lead to setbacks, missed opportunities, and even disruptions to critical plans, making financial management a pressing issue.

From a macroeconomic perspective, Dr. Le Xuan Nghia, an economic expert, predicts, “In a few years, capital mobilization will change significantly, and the profit gap between traditional savings and auto-savings will no longer be large enough to concern depositors.” This forecast reflects a shift from rigid savings products to more flexible solutions and underscores the urgency of taking action today. If we continue to leave our money idle, we risk falling behind in the financial race, especially as inflation and economic fluctuations demand proactiveness more than ever.

Beauty Queen Le Nguyen Bao Ngoc, representing the dynamic Gen Z, offers a relatable perspective: “When your money is no longer idle, that’s when you get to be more relaxed.” She shares that many young people, despite having personal savings, tend to overlook the balance in their transaction accounts – the money they use daily but don’t optimize. This oversight causes them to miss out on turning small balances into significant profits, a reality that Bao Ngoc realized through her personal experiences. The Gen Z beauty queen emphasizes that letting money idle is not just a financial waste but also restricts financial freedom in life.

Entrepreneur Dinh Tien Dat, with a decade-long startup journey, shares an invaluable lesson: “I used to think that buying at one and selling at two was profitable, but when my money was no longer idle, I realized I needed a tool to optimize it.” This “financial whiz” recognized that letting money sit idle not only slows down progress but also causes one to miss out on business opportunities.

Nguyen Lac Huy (HuyNL), a KOL known for his forward-thinking mindset, adds, “Smart Money is not just about how much you earn but also about making your money work for you.” He emphasizes that in this technological age, not utilizing idle funds is akin to excluding oneself from smart financial trends.

From a banker’s perspective, Nguyen Van Linh, Deputy Director of Techcombank’s Retail Banking Division, asserts, “Customers often have continuous cash inflows and outflows, so it’s inconvenient to transfer funds for investment or savings.” She highlights that this inconvenience causes many individuals, especially small entrepreneurs, to miss out on earning profits from idle balances.

These insights paint a clear picture: Idle money is not just a wasted asset but also a missed opportunity if not managed properly. From experts to entrepreneurs and young individuals, everyone agrees that it’s time for a solution to unlock the potential of idle funds.

Techcombank’s Auto-Savings is more than just a financial product; it’s an advanced tech ecosystem that helps your money grow with every second. For each customer segment, this superior financial solution demonstrates its tailor-made suitability for distinct personalized financial needs.

After her experience with the product, CEO Truong Ly Hoang Phi remarked, “I realized that this is not just a product but an entire advanced technology system operating behind it.”

According to her, the product’s breakthrough lies in its ability to calculate yields in real-time, by the minute and hour, instead of just daily like traditional solutions. The system automatically calculates interest for the entire amount, leaving no single dong untouched, maximizing efficiency without requiring complex user operations.

Flexibility is one of the key factors that make Techcombank’s Auto-Savings a superior choice over traditional deposit accounts. With no minimum balance requirement, no fixed term deposits, and no need for manual transfers, this product allows users to manage their daily expenses while ensuring that idle balances continuously generate returns.

A notable highlight is the yield of up to 4.4%/year, offering substantial value compared to standard transaction accounts. Beauty Queen Le Nguyen Bao Ngoc excitedly shares, “At the end of the month, you’ll find a small extra amount, like a gift. I jokingly say: Suddenly, there’s money for a cup of coffee at the end of the month; it’s quite fun, isn’t it?” For her, this profit is not just about the monetary gain but also the motivation to build smart financial habits, aligning with the dynamic lifestyle of Gen Z.

KOL HuyNL also remarks, “Techcombank’s Auto-Savings has set new standards in the financial and banking industry, ushering in a new era for idle funds, as money is utilized in a smarter way.” He believes that this product serves as a bridge, helping both young and busy individuals manage their finances effortlessly and effectively.

“Financial whiz” Dinh Tien Dat shares, “Money kept in a safe only amounts to a ‘stack of paper’ that doesn’t create any value. To turn this ‘stack of paper’ into more ‘stacks,’ I chose Techcombank’s Auto-Savings.” For him, this product not only solves cash flow issues but also introduces a new approach to finance.

Dr. Le Xuan Nghia is also impressed by the high liquidity – allowing withdrawals at any time without losing interest – and competitive yield of this breakthrough solution. He considers it a “two-in-one” solution: a transaction account and an investment tool, especially when “The profit gap between traditional savings and Techcombank’s Auto-Savings is no longer large enough to be a concern.”

Built on Vietnam’s leading digital banking platform, Techcombank’s Auto-Savings ensures absolute safety and maximum transparency. Each interest amount is credited periodically every month and clearly displayed on the Techcombank Mobile app, enabling users to easily track and efficiently manage their finances.

“With Techcombank’s Auto-Savings, we believe customers can confidently use their balances without worrying about manual management, a significant advantage in today’s fast-paced life,” says Nguyen Van Linh, Deputy Director of Techcombank’s Retail Banking Division. “The combination of advanced technology, attractive yields, and flexibility makes this product an ideal tool to awaken idle funds, catering to everyone from beginners to seasoned entrepreneurs.”

Techcombank’s Auto-Savings is more than just a financial product; it’s a companion that helps millions of users change the way they manage their finances, from entrepreneurs and young individuals to busy individuals.

CEO Truong Ly Hoang Phi shares how she leverages this product to optimize her cash flow: “I usually consider my basic monthly expenses to maintain my personal lifestyle and then add a safety buffer.” With Techcombank’s Auto-Savings, she not only ensures fixed expenses but also makes her buffer work, generating returns even before she needs to use it. For this CEO, Techcombank’s Auto-Savings brings peace of mind, allowing her to focus on business strategies without worrying about idle funds.

Recounting his financial turning point after years of entrepreneurship, “Financial whiz” Dinh Tien Dat says, “I realized that to prevent idle money, I needed a solution like Auto-Savings, which helps me spend flexibly while optimizing profits.” He has applied this product to both his personal and business finances, achieving stability that he hadn’t thought possible before. His story is a testament that awakening idle funds is not just a financial matter but also a way to unlock new opportunities, from business expansion to building a freer life.

Beauty Queen Le Nguyen Bao Ngoc offers a fascinating Gen Z perspective: “A yield of up to 4.4% is a pretty good number to start taking control of idle balances. Even small amounts of money can generate returns, and that makes me more confident about my finances.” For her, Techcombank’s Auto-Savings is not just a financial tool but also a way for young people to develop smart money management habits, fitting their dynamic lifestyle. She shares that the profit, though small, feels like a “reward” encouraging her to continue on her financial journey.

Nguyen Lac Huy (HuyNL) likens Techcombank’s Auto-Savings to “a companion that optimizes your finances without any complexity.” He encourages young people to try it out to experience the difference, emphasizing that this product helps them stay ahead in financial trends.

According to Nguyen Van Linh, business customers often have continuous cash inflows and outflows, so transferring funds for investment or savings is inconvenient. She emphasizes that Techcombank’s Auto-Savings solves this problem by automating the process, allowing customers to flexibly use their balances without limits while still earning returns.

“In addition to traditional products such as payments, deposits, or investments, Techcombank’s Auto-Savings brings customers a tool to optimize idle funds automatically and flexibly,” says Ms. Linh.

With these insights, Dr. Le Xuan Nghia concludes, “In a few years, capital mobilization will change significantly, and the profit gap between traditional savings and auto-savings will no longer be large enough to be a concern.” He emphasizes that Techcombank’s Auto-Savings is an inevitable trend, meeting the needs of both profitability and liquidity in the modern economic context.

The real-life stories, from Truong Ly Hoang Phi’s entrepreneurial mindset to Dinh Tien Dat’s startup journey, Le Nguyen Bao Ngoc and Nguyen Lac Huy’s Gen Z perspectives, and Nguyen Van Linh’s financial expertise, unanimously affirm that Auto-Savings not only awakens idle funds but also opens the door to financial freedom.

With advanced technology, attractive yields of up to 4.4%/year, and superior flexibility, this product is reshaping how Vietnamese manage their finances, as predicted by Dr. Le Xuan Nghia about the future trend.