Sacombank and The Vietnam Young Entrepreneurs Association signed a cooperation agreement


Ho Chi Minh City, July 24, 2020: Sacombank and The Vietnam Young Entrepreneurs Association signed a Memorandum of Understanding to increase opportunities for effectively exploiting the strengths of the two parties which facilitate its members to approach to better capital source as well as better financial advices and also receiving optimal financial and banking products and services. This is also a practical action of Sacombank in accompanying and supporting businesses to overcome difficulties caused by Covid-19 pandemic.

Accordingly, Sacombank will implement special offers for members of Vietnam Young Entrepreneurs Association such as: 70% reduction of guarantee, remittance and LC service fee; reduce to 2% / year on loan interest; free e-banking service fee; free annual fee for the first year of applying for a business credit card... In the coming time, Sacombank and the Vietnam Young Entrepreneurs Association will implement many specific and practical programs to help businesses expand their business, increase profit to contribute to boosting the economy of the whole country.

Increasing cooperation with business associations is one of the critical activities that Sacombank has focused on in recent years to optimize the accompany and support of the Bank to the businesses and corporations which helping them to timely overcome the obstacles during the business operation. In addition to cooperating with the Vietnam Young Entrepreneurs Association, in 2019, Sacombank also signed a cooperation agreement with the Vietnam Textile Association and Ho Chi Minh City Business Association to gain an in-depth understanding of the extensive industry and implementing a comprehensive solution for businesses.

In addition, on July 2, 2020, at the Banking – Corporations Connection Conference 2020, Sacombank also reserved VND1,000 billion loan with preferential interest rates from 6%/year to support businesses in recovering and growing business after Covid-19 out break.