Sacombank supports businesses to recover and grow after the covid-19 pandemic outbreak


On July 2, 2020, at the Banking - Business Connection Conference 2020, Sacombank together with 15 other banks signed a credit contract to support businesses to recover and develop business after the Covid 19 pandemic outbreak. Accordingly, Sacombank reserved VND1,000 billion with preferential interest rates from 6%/year for businesses. This is a program implemented by the HCMC People's Committee in collaboration with the State Bank - Ho Chi Minh City Branch.

Joining in the Banking - Business Connection program from 2012 up to now, Sacombank has spent nearly VND20,000 billion for preferential loans to businesses in 24 districts in Ho Chi Minh City and some other provinces to support enterprises overcome the obstacles in terms of capital resource to stabilize production and business activities and create premises for further development in the following years. In addition, Sacombank also spent more than VND500 billion to support businesses to stabilize market prices in 2020.

Mr. Phan Dinh Tue - Deputy CEO of Sacombank gave a speech at the Banking - Business Connection Conference 2020

In addition to the preferential capital sources, Sacombank also implements modern banking services such as account opening, remittance, online LC issuance, and online loan registration 24/7... to help businesses to optimize the efficiency of capital use, increase competitiveness and proactively manage financial resource.