Tag: franchise

The banking sector report, released by VIS Rating on November 20, 2024, revealed a concerning trend. According to the report, nearly 20% of the assessed banks demonstrated weak capital safety profiles. This issue was particularly prominent among small and medium-sized banks, which also faced heightened liquidity risks due to their reliance on short-term market funds and the rise in interbank interest rates.

From June 2024 until their arrest, a "loan shark" group operating in Thanh Hoa city offered loans with an interest rate of 3,000 - 20,000 VND per million per day, equivalent to an annual rate of 100-600%. This illegal operation generated over 1 billion VND in illicit profits.

From now until March 31, 2025, Sacombank is offering a special promotion, “International Money Transfers - Bridging the Distance,” where personal customers receiving remittances through their Sacombank Visa payment cards can enjoy a reward of up to 1 million VND.