Home Finance

BMW, VIB sign strategic agreement

Mar 23rd at 16:16
23-03-2016 16:16:57+07:00

BMW, VIB sign strategic agreement

BMW chose Viet Nam International Bank (VIB) as its first Vietnamese financial partner to provide support to local customers who buy new and used cars.

Under the strategic agreement, signed on March 21 in HCM City between BMW Group Segment Financial Services and VIB, BMW buyers will receive a preferential interest rate of 5.99 per cent per year in the fixed first half-year. The rate will be equal to the savings interest rate for 12 months with 3.9 per cent amplitude per year.

VIB will also give a preferential interest rate of 0 per cent per year in the first month to 20 customers who borrow money to buy BMW products in April, May and June 2016, and open free credit card accounts at VIB.

VIB created its own channel to serve BMW's customers under its international standards, including a private switchboard service for customers, support from senior specialists and a separate evaluation process.

bizhub

MOST READ

NEWS SAME CATEGORY

Hi-tech agricultural enterprises given loans
FINANCE Mar 23rd at 13:40

Hi-tech agricultural enterprises given loans

As many as 28 enterprises nationwide have been selected to participate in 31 agricultural projects that apply a hi-tech models with low interest loans, the State...

Loose monetary policy needed to reduce interest rates: experts
FINANCE Mar 22nd at 21:22

Loose monetary policy needed to reduce interest rates: experts

Experts have suggested the central bank should further loosen its monetary policy to reduce lending interest rates in a move to support businesses.

MBBank increases charter capital to $730.6 million
FINANCE Mar 22nd at 21:17

MBBank increases charter capital to $730.6 million

The Military Joint Stock Commercial Bank (MBBank) has increased its charter capital from VND16 trillion (US$716.6 million) to VND16.31 trillion after merging with...

Regulations slow liberalisation plans
FINANCE Mar 21st at 13:00

Regulations slow liberalisation plans

Interest rate liberalisation is an important part of financial reform, promoting safer and more efficient financial markets. It has three components: the...

AIA Vietnam reports doubling in value of new business in 2015
FINANCE Mar 1st at 13:39

AIA Vietnam reports doubling in value of new business in 2015

AIA Vietnam, a subsidiary of pan-Asian insurer AIA Group, reported that the value of new business doubled in 2015 for the third consecutive year.

Deposit rate touches two year high of 8%
FINANCE Mar 1st at 11:04

Deposit rate touches two year high of 8%

Some commercial banks have continuously increased interest rates to attract depositors, setting a record two-year high of 8 per cent per year.

Finance ministry clarifies tax rate
FINANCE Mar 1st at 10:51

Finance ministry clarifies tax rate

The Ministry of Finance said a bad translation claiming that the tax-rate-to-profit ratio in Viet Nam was high, accounting for nearly 40 per cent of profit and...

Banks suffered foreign exchange losses in 2015
FINANCE Mar 1st at 09:25

Banks suffered foreign exchange losses in 2015

Many banks suffered losses in the foreign exchange market last year, according to their latest financial reports.

Citi taps into the emerging SME market in Vietnam
FINANCE Feb 29th at 13:38

Citi taps into the emerging SME market in Vietnam

Raymond Lim, director and country head of Citi Commercial Banking in Vietnam, speaks to VIR’s Trang Nguyen about the outlook of the lending market for small- to...

Mobile pay threatens banks: experts
FINANCE Feb 29th at 13:35

Mobile pay threatens banks: experts

Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top