Sacombank has cooperared with Vietnam Post


On July 28th 2017, Saigon Thuong Tin Commercial JS Bank (Sacombank) and Vietnam Post have signed a comprehensive cooperation agreement on using products and services, winning more customers based on retail sales capabilities and wide networks of two parties; thereby, serving customers better as well as growing both businesses efficiently.

Accordingly, Sacombank will offer modern financial services to Vietnam Post (i.e., payroll service, cash collection service, e-banking, etc.) and employees of Vietnam Post (i.e., credit card issuance, lending, e-banking, savings, money transfer service, bill payment, etc.). Vietnam Post will provide Sacombank with its services such as collection and payment service for Sacombank’s customers; post and delivery service; printing service, non-life insurance service; banking agency (i.e., money transferred from Sacombank can be received at post offices of Vietnam Post), etc. 
Sacombank is among Top 5 biggest commercial joint stock bank in Vietnam with a network of 564 transaction offices across 48 provinces nationwide, 2 offices in Laos and Cambodia. The Bank has approximately 11,000 correspondent banks at 60 countries all over the world. The Bank has been serving 6 million individual customers and nearly 100,000 corporate customers offered more than 100 products and services along with many preferred financial solution packages. Regarding human resources, it has over 17,000 experienced and enthusiastic employees.   
Mr. Duong Cong Minh, Chairman of the BOD of Sacombank said that “With global economic integration, cooperation between enterprises for development is a must. At present, Sacombank has cooperated with many firms in various sectors such as finance, insurance, healthcare, education, food, electronics, etc. With the strengths of each party, the cooperation between Sacombank and Vietnam Post will not only help to serve customers of both parties much better but also bring much more benefits to both businesses.”  
Vietnam Post is the enterprise managing the biggest public post network in Vietnam with approximately 13,000 transaction offices; a strong organizational structure with over 43,000 employees, serving millions of customers through executing more than 500 million transactions relating to post services and postal financial services every year. Vietnam Post aims to become a leading enterprise to provide post and delivery services, finance and retail services in Vietnam.   
Mr. Do Ngoc Binh, Chairman of the Members Council of Vietnam Post stated “The network of Vietnam Post reaching out to every commune, district across all provinces nationwide is its strength to meet Sacombank’s retail business offerings. Besides, the cooperation between two parties also contributes to the social-economic growth of the rural areas which is in line with the Government’s policy.”

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