Sacombank Teams up with Truong Hai Auto

12:55:13 PM | 10/26/2007

Recently, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and Truong Hai Auto Company have set up a coalition by signing strategic cooperation contracts. Accordingly, Sacombank will invest in Truong Hai Auto by selling stake to become a strategic partner of the company. At the same time, Sacombank will also provide loans for its customers to buy Truong Hai products.
 
Sacombank will provide assistance policies on strategic administration, mechanisms; set up credit relations and policies, and provide financial services for Truong Hai such as loans, retail banking and other preferential services.
 
Truong Hai, in turn, pledged to give priority to Sacombank as its capital supervision bank. The car maker will also carry out all transactions via accounts opened in Sacombank.
K.P