Sacombank offers gifts for FX transactions

Monday, Aug 24, 2020 17:09

A Sacombank branch in HCM City. Businesses making foreign currency transactions at Sacombank this year stand to win prizes under a promotion programme called ‘Increasing Sales - Receiving Gifts’. — Photo courtesy of Sacombank
Sacombank proudly introduces the promotion programme ‘Increasing Sales - Receiving Gifts’ for foreign exchange trading businesses with total prizes of nearly VND1 billion (US$42,924).

To run for the rest of the year, it offers businesses with foreign currency transactions of US$20 million or more an iPad with a luxurious leather case along with exclusive souvenirs from Sacombank-SBJ.

Those with turnover of $8-20 million and businesses with commodity derivatives progress turnover of 1,800 lots in the second half of 2020 will also receive an iPad with the leather case.

Sacombank has the capability to manage large amounts of foreign exchange with its team of experienced consultants and large branch network throughout Viet Nam and the Indochina region.

Thus, it is confident of promptly meeting all foreign currency trading requirements with spot prices, forward prices and even swaps for both local and foreign-invested businesses at competitive exchange rates, flexible payment periods and swift and transparent procedures.

It is among the few banks to be licensed to provide commodity derivatives solutions by the State Bank of Vietnam (including futures and options).

With a diverse commodity product portfolio spanning agricultural products (coffee, rice, corn, sugar, cotton, soybeans, cereals, and cocoa), base metals (copper, aluminium, lead, zinc, and nickel), energy (gasoline, crude oil and gas), and livestock (pork and cattle), Sacombank is confident that enterprises can now be allowed to actively manage commodity price risks and sufficiently calculate the level of income and costs arising in future so that they will be able to stabilise production levels and business activities accordingly.

In addition to efficiency in preventing risks of commodity price fluctuations, Sacombank will also offer preferential policies related to transaction fees and regularly update business strategy information for its customers with its team of seasoned market analysts.

More importantly, business owners can place orders on its online transaction platform – Sacombank Commodities Trader (available via website and Mobile App) to seize price opportunities in time and manage the commodity portfolio in an optimal way.

Sacombank’s capability to provide FX and commodity derivative services is endorsed by various prestigious domestic and international organisations through various notable awards like Best foreign exchange service provider in Vietnam from Global Finance Magazine (US), Outstanding Retail Bank from IDG International Data Group & Vietnam Banking Association and No. 1 bank providing robusta coffee insurance product from Philip Futures Group (Singapore).

Its most recent market analysis report is updated on its website at — VNS

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