BNP Paribas and Sacombank signed Service Agreement in Cash Management

Under the Agreement, BNP Paribas will offer cash management services to its local and multinational customers through Sacombank’s branch networks in Vietnam.

According to Jacques Levet, Head of International Cash Management, BNP Paribas commented “The partnership with Sacombank will allow us to expand our cash management offerings in Vietnam through its extensive branch networks and local capabilities. Our customers in Vietnam will now be able to make use of our partner bank’s network, notably for collection services.”

“This is a significant milestone for BNP Paribas in Vietnam as it is the first partnership we have with a local bank in cash management. We hope to strengthen our network coverage and be able to offer a complete suite of cash management products and services to our customers via Sacombank or other local banks which we may partner in the future,” said Luc Cardyn, Country Head, BNP Paribas in Vietnam.