Vietcombank recorded many outstanding achievements in the first 6 months of the year

Recently, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) held a Conference to review Party work and business activities in the first 6 months of 2024, and deploy tasks for the last 6 months of 2024. Seriously implementing the direction In the first 6 months of 2024, the Vietcombank Party Committee issued 372 resolutions, 8 programs, 3 instructions, 756 decisions, 15 notices, 114 conclusions and many other documents to lead and direct the implementation of political tasks and Party building work in the entire Party Committee. The entire Party Committee admitted 178 new Party members out of the annual plan of 300, reaching 59.3%. Aware of the role of a key and leading bank in the system, Vietcombank always seriously implements the directions in the first 6 months of 2024 of the Government and the State Bank; Proactively manage stable capital mobilization interest rates to ensure that they do not affect the market interest rate level; actively participate in implementing the sale of gold bars to contribute to stabilizing the gold market; implement solutions to reduce costs, create conditions for reducing interest rates to support economic recovery. Vietcombank has proactively implemented 22 programs to reduce lending interest rates, increase the proportion of loans to priority sectors (outstanding loans to 5 priority sectors as of June 30, 2024 were VND 431 trillion, accounting for 32% of total outstanding loans), promote disbursement of loans for credit programs and policies according to the direction of the Government and the State Bank... In addition, Vietcombank has exempted and reduced fees, reducing VND 1,008 billion in management costs compared to the same period last year. At the end of the first 6 months of the year, capital mobilization in the I market reached about VND 1,390 trillion, the average proportion of non-term capital mobilization reached 33.9%, an increase of 4.1 percentage points compared to 2023. Outstanding credit reached about VND 1,366 trillion, an increase of 7.68% compared to the end of 2023, reaching 96% of the 2024 plan; Debt quality is controlled according to the target: Group 2 debt ratio is about 0.35%; bad debt ratio according to Circular 11 is at 1.13%, bad debt provision ratio is about 205%. Sales indicators achieve high growth rates compared to the same period in 2023: International payment and trade finance sales increased by 13.8%; foreign currency sales increased by about 12%; payment and card usage sales increased by 52.6% and 22.4% respectively; Customer development activities continue to expand with nearly 1,000 new wholesale customers and 1.2 million new Digibank customers... Making many marks in operations In the first 6 months of 2024, Vietcombank recorded outstanding marks in its operations: The Bank has actively deployed the sale of SJC gold bars directly to individual Vietnamese customers, contributing to the successful implementation of the goal of stabilizing the gold bar market under the direction of the Government and the State Bank. Vietcombank is also the first unit to deploy the utility of registering to buy SJC gold bars online for customers right on the website, ending the situation of people jostling at gold bar sales points; at the same time, researching the plan to sell gold bars online via the application, creating convenience and utility for customers. In addition, Vietcombank has actively implemented Project 06, building a technology system, infrastructure, product and service processes applying population data, identification and electronic authentication; is the first bank to sign a service contract with the Center for Research, Application of Population Data and Citizen Identification under the National Population Data Center - Department of Administrative Police for Social Order (C06) - Ministry of Public Security to apply Electronic Authentication Service to collect, clean information and authenticate biometrics for customers on digital banking channels. On the other hand, pioneering online biometric updates through app to app connection between VCB Digibank application and VneID application; is the only bank to simultaneously deploy 3 methods of updating biometric information for customers (direct authentication app to app VCB Digibank and VNeID, "scan" NFC; authentication at the counter). In the first 6 months of the year, Vietcombank also officially launched the new generation of VCB Digibank for individual customers, the biggest update with the entire interface and experience flow completely redesigned for each segment, along with new services and utilities appearing for the first time, bringing a completely new experience to customers. Party Secretary, Chairman of the Board of Directors of Vietcombank Nguyen Thanh Tung emphasized that the Board of Directors and all staff in the Vietcombank system will continue to closely follow the direction of the Government and the State Bank, strive to implement business solutions to be determined to complete the assigned plan targets in 2024. The Chairman of the Board of Directors of Vietcombank believes that, with tradition, solidarity and determination, the entire Vietcombank system will exceed the plans assigned by the State Bank and the Board of Directors of Vietcombank. "More importantly, Vietcombank will implement development strategies and digital transformation strategies on schedule to develop Vietcombank sustainably, affirming its No. 1 position in Vietnam and affirming Vietcombank's international reach in the coming time." - Mr. Nguyen Thanh Tung emphasized. Source: https://daibieunhandan.vn/doanh-nghiep1/vietcombank-ghi-nhan-nhieu-dau-an-noi-bat-trong-6-thang-dau-nam-i383131/