Sacombank, Bamboo Airways in strategic tie-up

Saturday, Apr 10, 2021 09:29

Nguyen Duc Thach Diem, CEO of Sacombank, and Dang Tat Thang, CEO of Baoboo Airways, sign a comprehensive cooperation agreement in HCM City on April 9, with the witness of the two sides’ executive boards. — Photo courtesy of Sacombank

Sacombank and Bamboo Airways signed an agreement on April 9 to become strategic partners in investment, production, sales, and supply of products and services and to leverage each other’s strengths.

Under the agreement, Sacombank will provide credit, bank guarantees, domestic and international payment services, and cash flow management and foreign exchange services to Bamboo Airways and its eco-system, helping the carrier save time and manpower, optimise costs and be proactive in cash flow management.

It will also offer individual financial services at preferential rates to employees of the airline’s eco-system.

It will use the services of Bamboo Airways and its eco-system as much as possible.

Bamboo Airways with its domestic and international flight networks will provide Sacombank with passenger and goods transport services, MICE- and golf-related services, and other commercial services with special offers.

With its eco-system covering aviation, hospitality and golf, Bamboo Airways will design and offer policies based on Sacombank's customers’ needs.

In its media campaigns, the airline will also promote its partners' products and services, ensuring Sacombank’s brand image reaches millions of local and foreign customers.

The co-operation will maximise both sides’ customers and partners’ benefits.

Duong Cong Minh, the lender’s chairman, said: “Sacombank has a customer network of more than 14 million and is one of the banks with the largest customer network in Viet Nam.

“With the motto of “Always strive to serve customers the best way’, Sacombank never stops researching and developing modern, versatile and optimal financial solutions and products for customers.

“In co-operating with Bamboo Airways, a newly launched airline but one that has made impressive strides thanks to its dedication and responsibility towards customers, I expect the two sides to bring practical benefits to customers, shareholders and the whole economy."

As part of their collaboration, Sacombank, Bamboo Airways will launch attractive promotions, and versatile and modern products.

They are expected to soon launch a co-branded credit card that offers a series of unique benefits to their customers. — VNS

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