Debit card holders from Russian banks can use Việt Nam''s BIDV (Bank for Investment and Development of Vietnam) POS and withdraw cash from VRB (Vietnam Russia JointVenture Bank) ATM machines from now on.
Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment.
Nearly 400 Shinhan Bank’s card holders who have minimum spending of VND5 million (US$220) will receive $22 as refund when paying Vietjet’s air tickets from June 8 to July 5.
Domestic ATM card holders of 41 National Payment Corporation of Viet Nam (NAPAS) member banks can pay by card at Viet Nam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.
ATM card holders in Viet Nam had VND89.8 trillion (US$4.08 billion) in
42.7 million current accounts at the end of June, according to the
latest data from the State Bank of Viet Nam. The savings earn 1.2 per
cent in interest per year.