International Communication Recognize VIB As The Most Innovative Credit Card Brand In Vietnam

Ho Chi Minh City, November 4, 2019 – Vietnam international bank has been recognized as The Most Innovative Banking Brand for Credit Cards in Vietnam 2018 by Global Brands Magazine (GBM).

According to GBM, VIB was one of the strongest companies in the credit card market in Vietnam the whole time. GBM also highly appreciated ongoing innovations of the bank, especially the launch of new cards with a high level of technology and creativity, outstanding features and benefits, maximum response to customer needs. VIB's dynamism in the card field has contributed to stir up the credit card market and mark the regaining of the pioneer of Vietnamese banks in this potential market.

The relentless effort and creativeness of VIB have contributed to change the card usage habits of Vietnamese customers. Card holders now can receive many privileges, maximum security and practical benefits during their card’s validity instead of just receiving initial gifts when opening new cards. That these benefits encourage customers to pay with card instead of cash actively contributes to the Government's non-cash payment.

Credit cards with outstanding benefits

VIB’s 6 credit cards with specific features and practical benefits are well-received by the market. VIB Zero Interest Rate, which is the first and only credit card to waive interest rates for card holders for five years of their card’s validity.  Free interest for all card expenses eliminates card holders from the biggest fear of paying interest. VIB Happy Drive – the only credit card in the market offering up to 500 liters of gasoline per year and cash back 30 per cent on car maintenance fee; VIB Financial Free - the credit card with free annual fee and withdrawal up to 100% card limit. Other credit cards like VIB Cash Back – unlimited cash back, VIB Reward Unlimited – earn 5 times on every purchase rather than regular cards and VIB Travel Élite with attractive earning miles and the most valuable foreign transaction fee at a low rate 1.75%.

Application of leading modern technology  

VIB has pioneered to introduce the leading card technology solution Smart Card for the first time in Viet Nam. The combination of 3 features: Virtual Card, Green PIN and Contactless payment in this technology helps to reduce in waiting time from 3-5 working days to 3-4 working hours; fastest meet customer’s demand; enhance safety, maximum security and protect environment. With the third feature – Contactless payment, customers can make transaction faster and more secure just by tapping to payment terminal to complete transaction.

VIB credit cards also apply the most advanced security technologies and built-in features that allow card holders to manage cards anywhere, anytime easily via E-banking or via MyVIB Mobile Banking application. Card holders can proactively lock the card in emergency situations or activate the card, lock / unlock online payment, reset the card password and redeem reward points conveniently and quickly on mobile phones within 30 seconds without contacting to call center or visiting VIB branch.

Attractive incentives

With VIB credit cards, customers get 0% interest installment and up to 50% discount with hundreds of familiar and large partners spread around Vietnam. In particular, VIB credit card holders have been receiving many exclusive privileges such as 30% discount at Hoang Yen Group, The Pizza Company, San Fu Lou, Di Mai Restaurant, Sorae Sushi on Wednesday, Thursday and Friday weekly; VND 2 million discount and 0% installment payment when buying iPhone11 models at TIKI; VND 500.000 discount on each new student registration at VUS; discount of VND 500,000 for installment orders at Dien May Cho Lon; 0% interest installment up to 12 months at Nguyen Kim, Shopee, Lazada, Sendo, CellphoneS, PNJ, Chi Lai, Cozy Living, Apax English, British Council, Mathnasium, Super Kids Preschool, etc.

At the same time, understanding household consumption demands of customers, VIB has launched the "30% cash back on supermarket shopping" program until January 31, 2020 with 30% refund, up to VND 900,000 / month. This program applies for the system of main supermarkets in Vietnam, including Aeon, Annam Gourmet, Big C, Circle K, Coop Mart, Coop Food, Coop Xtra, E- Mart, Guardian, Lotte Mart, MiniStop, VinMart. Customers can easily register by texting VIB KM then sending to 6089.

GBM is the world's leading magazine of the United Kingdom providing the latest news, reviews, comments, polls about various brands across the world. The Global Brands Awards are held annually by the GBM to honor companies which performed extraordinarily well in providing recognized platforms. In the field of finance, the award honors outstanding financial institutions with the prominence on service quality, labor efficiency and branding.