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Credit is the most important activity of the Bank, representing the highest in total assets, generate income from the largest credit card consolidation loan interest rate and at the same time also the most risky operations for the Bank.




-Credit activities bring the biggest source of revenue.

The expected revenue from credit operations depends on the scale, interest and time. All three elements have the organic relationship with each other.

Firstly, to expand the scale and network activity of the Bank to adjust interest rates for capital mobilization, stimulating loan;

Second, the term of the credit loan of the credit as long as high risk, then, and therefore the Bank's requirements on lending rate higher;

On Tuesday, the Bank must research and establish the relationship between the measures increase the scale with net income from credit operations through the interest rate suât spreads in the minutes.

-The scale of credit operations that affect the Bank's position.

The position of credit consolidation at Bank has been on the market thanks to the resources (financial, human, facilities), competitive, lucrative and effective power of using capital. ... The factors of influence on the great scale of credit operations. Because credit activities is the main activity of commercial banks, bringing the largest source of income, hence the scale of it has a major influence on the Bank's position.

-The efficiency of credit operations increased credit card debt help resources for the Bank. The credit financing to effectively reduce risks part. banks, other parts to thoroughly exploit more capital help from that increase income for the Bank.

The role of credit services for customers

The customers here including the bank credit consolidation supply was, or the granting of credit for banks. I.e. both loans, rent, thanks to the bank guarantee; and depositors, rental ... for the Bank.

For the first object above, credit activity of the Bank to help them expand production, business, search and exploit new opportunities, funding for capital when shortages occur, ...

For the second customer, bank credit operations to help them preserve capital (money and other asset) currency of generation benefits instead of idle money to not be profitable in the not yet used to it.

The Republic of Cyprus had a very large bank system in comparison with economy of scale, and proposed taxing savings has made the country staggered. Credit consolidation, grade scale, Vietnam bank sector assets are growing like?




* The fate of countries under the banking system
Recently, the plan taxed very high for bank deposits in the Republic of Cyprus, partly in terms of the rescue business credit package from the European Union (EU) for the country, people flocked to the ATM to withdraw cash.

The banking system and the stock market of Cyprus then had to suspend operations. Although credit reports and scores in the end does not get the support of the Cyprus Parliament, this event has made both financial markets rúng Europe, and threatened to push the region back to the crisis.
Quite a coincidence, before that city real estate Association also has a similar proposal is taxing savings and stumbled to the strong reactions from public opinion.

The scale of the banking system in Vietnam.
The scale of the Vietnam banking system also dramatic increases in more than a decade.
Specifically, the ratio of credit card debt consolidation than GDP grew more than 3.4 times in the period 2000-2010, and an increase of 1.6 times over the period 2006-2011. Notably, the credit scale strong growth both in relative and absolute number of credit repair followers since the 2004, 2005.

By the end of 2012, the total credit in the economy, according to figures announced by the SBV estimated .265 3.038 billion (increase of about 7% compared to the end of 2011), and the total assets of the banking system is .780 5.085 billion.
So, if compared with GDP in 2012 estimated .684 2.950 billion, the total assets of the banking system by 2012 by 172.36% of GDP and credit card in the economy by 102.97% of GDP.

After the economic stimulus package "crisis" in 2009 and some "effects" of credit growth to be the virtual, credit scale in Vietnam's economy is showing signs of slowed markedly. This phenomenon is to go along with the period of stagnation of the economy and the banking system step on the roadmap for comprehensive restructuring.

Credit consolidation,brings more convenience to users, but many still wonder about the fees for using the card. If not aware of the principles of the Bank's fee, the card holder can find themselves paying more ridiculous charges. The credit card holder must pay a basic fee: 2 types of fee and annual fee card. Each option, each issuing bank fees is usually 100,000-200,000 VND. Some banks issuing cards, free or reduced fees to encourage customers to open the card.



The main function of the credit card is to pay when buying goods, services. If the cardholder uses the card to spend and payment of the credit limit, the Bank will not be collecting any fees. Fees of 3-5% on the value of the payment will be collected by bank and credit check companies accept unit. In foreign countries, the rate of profit of the retail industry is usually large (about 20%), and ratio of people are paying with credit cards as well as high social trend, so most sellers accept this fee. But in Vietnam, the rate of profit of some sectors still low so many cases of people selling currency back to the buyer's fees of 2-3% if paid by credit card.

This is the principle of making the unit accepts the card, the Bank usually has a fine regulation if the seller violates this. Card users should ask the Bank's regulations when open registration cards to avoid the cases being charged ridiculous. Some banks have a promotional incentive for customers to use credit cards for payment at the unit to accept the card as a partner of the Bank. When using a credit card to withdraw cash at the ATM, POS, the card holder will be charged on banks that amount at the rate of 3-5% depending on the brand and where cards to withdraw money.

In addition, this credit card debt consolidation amount being charged interest according to the interest the Bank announced withdrawal from the day to day pay off debt; and there may be currency conversion fees. How to charge so high is because the Bank does not encourage the credit cardholder to use the card to withdraw cash.

Monthly, to the window, the Bank will total the amount spent by the customer's credit card and sent recorded statements 1 the amount used during the month. The customer must pay this amount within 15 days.

If the time limit, the customer will have to pay interest to the Bank on the amount slowly charged and subject to a fine, usually 3-4% on the amount slowly charged. Because of the relatively high fines should use credit card billing statements that need attention on time. In addition, the credit card fees prescribed by the Bank for the services related to the use of the card.

More than 80 percent of American households have at least one credit card. The reason is very clear: Credit Card offers great advantages compared to other payment methods. Because of that in Vietnam there are many credit card users. Especially in cities, shopping, dining and light cards seem to have become familiar. By the benefits and modernity that credit cards bring to our lives.




The convenience and flexibility of a credit card
This means you do not need to use cash when going shopping or not enough money in the account to buy. With the dụngtrong card hand, Credit consolidation only need light cards and favorite items certainly will with you. Form used before the following without paying interest to 45 days will help your flexibility in spending.

The cards help your credit rating
Many people said that should not use too many credit card and that is a bad thing. However, financial experts recommend having at least 1 to 2 credit card. By in fact, regular use and debt will help you quickly build an attractive credit ratings for themselves. And this of course will help you to search for the source of the loan easier.

Use credit card for safe shopping
If you like to shop online-can is the new outfit, hotel booking, flight tickets, ... used by credit card will secure for you. Thanks to modern feature is the secured cheapest credit cards and fraud. More credit card transactions will be the Bank better control and make sure that you will limit the risk of fraud.

If you have credit consolidation - a fraudulent credit card, then please don't do anything but contact your credit card company to get the help and resolve fastest. In addition, the use of credit cards will help you more safely when spending abroad, for example if it is lost or misplaced on the beach, you can take notice and immediately be issued replacement cards.

Track specific spending each month
If the transaction in cash, if you can keep all the Bills to pay and manage monthly correctly? This view is difficult. But when you use a credit card, on fixed monthly, the Bank will send you a detailed statement offers the transactions you've made in months, including amount, date of use, where the provider ... via email or letter of guarantee. This will be necessary in the course of your own spending.

The value of that sale will have when using a credit card
To encourage people to use the cards, many banks affiliated with credit consolidation companies to offer incentives to stimulate demand superior use of your credit card. You can be reduced from 30-50% for service shops, dining, spa, entertainment ...

While credit growth system in 4 months, only lẹt đẹt at 0.62%, bank credit has increased by over 10%. Moreover, the profits of many banks also soared.

Quarterly financial report I/2014 that many banks announced revealed many credit consolidation surprises, the most notable is both profitable and steadily increasing credit very satisfactory, although the general situation of the economy have not had many changes.




Most unexpected acceleration of profitable quarter of 2014 the Techcombank. According to the credit report which the Bank announced, unified profit before tax in the quarter reached 673 billion, an increase of 69% over the same period, reaching 57% of all profit target by 2014. Compared to the year 2013 is 842 billion, profits of Techcombank quarter this year by 76.6%.

Similarly, has just undergone a year of growth, song up to 2014, the Eximbank's better profits. Leader of the Eximbank said the Bank's profits totaled 580-600 billion in the first four months of the year 2014, by 2/3 of the profits before tax by 2013 (827 billion). Eximbank is planning, profit before tax in 2014 at 1,800 billion, twice as high than done in 2013.

Also achieving satisfactory profit growth's SHB Bank. As of first quarter/2014, SHB reached 271.5 billion pre-tax profit, up 53.9 billion. 2014, SHB credit growth planning, 22.8%; profit before tax was 1,270 billion, up 26.9% compared to perform in 2013; 9% dividend.

About credit consolidation, in the first quarter of this year has witnessed the growth of the "spirit" of many banks.

Specifically, the quarter of 2014, VIB credit growth to 7.1%. TPBank credit growth in the first quarter to 12%. In some other banks, like the BANK Techcombank, ... credit, rising at the rate of 2-3%.

That's very high credit growth compared with the overall rate of the country (up to 20/4, full credit system only increased 0.62%).

1. Never leave purses, handbags no person shall keep, and don't bring identity card (ID CARD), birth certificate, or passport in your purse or handbag unless credit card is really necessary. If the card or your driver ID CARD is lost, please report immediately to the competent authorities.

2. Immediately notify the credit consolidation issuing bank if a new card or cards are reissued by the loss not allocated to you on the specified date, and be sure to cancel the entire credit card account which has long you no longer need to use.



3. Sign up to the back of the credit card and debit card by bad credit business loans marker pens right after getting the card. Do not write your credit card number or debit cards cheques on the sheet, or use your card number as a means to identify you in the other payment methods.

4. Never throw away trash in public Bill. When the need to dispose of the Bill or the old statement, please cancel the entire paper on which to print your card account number.

5. Never provides payment credit consolidation information or bank account information to anyone over the phone, whether you are the person who made the call, unless you completely believe the call is safe and the provision of information is really needed.

6. Remember the time you get the monthly account statement by the Bank. If the March would not get on the correct statement, contact your bank immediately. Please regularly check credit reports and scores statements carefully. If you detect in a statement the transaction is not licensed or have any doubts, please immediately contact the Bank or the parties concerned.

7. Please list all credit card account and your bank account and store them in a safe place, include account number, expiration date, contact telephone number of the customer service and fraud prevention services.

8. Always remember to check your card as soon as you receive the credit consolidation from the cashier's hand after making payment transactions.

Open too many credit card

A bad habit of ATM card affects using credit card. So the company changed the Bank paid, free programs released cards much ... should the person along at nearly a dozen ATM card is normal. However, with credit cards, if opened too much would be a great trap for every user because it will affect your wallet.



Under the leadership of a Bank, each person should only have a maximum of 2 credit cards. Besides, the credit-rating criteria important to the Bank can borrow money credit card debt help from the now-will not good if the Bank knows you open too many credit cards.

If granted the large limit, you simply open a card. Should not because hearing the advertising "free", "free" annual ... of the Counsellor that talk for themselves. Besides, the annual fee is often just the first year and free of charge services related to credit card of any bank is often more expensive than conventional credit consolidation.

Don't remember payment date

Because never have to pay back the money spent for Bank ATM cards so many people often forget the payment schedule when using credit cards. Deferred charges is never low. Not to mention, the interest will start to be charged with expenses during the month.

More importantly, you'll be jumping group bad debt if the unpaid balance of the debt limit to a minimum in the period. So, to remedy the situation, so to remind on the phone or credit consolidation, payment initiative as soon as wages, there is earnings.

Cash Withdrawal

The main role of the credit card is not a payment to the cash. However, not a few people still forget to stir this despite all the publishers are charging cash quite high (from 3-4% of the amount withdrawn). Not to mention, this money will be viewed as personal credit card with interest calculated from the time of withdrawal.

However, also does not exclude some people open the only credit card to withdraw cash, despite the fee is very expensive. This credit card consolidation loan should only be used in the case of finite by will make you easily fall into the spiral of debt.

In order to meet the needs of diverse customer's payment, VietinBank pilot deployment package "installment credit Cremium credit card Visa/MasterCard" from now to the end of June 20, 2010 at the Vietinbank branches in Hanoi and Ho Chi Minh City ...



This service allows the customer's credit card holders of Visa/MasterCard Cremium VietinBank when making payment of the goods-services via card with a credit consolidation minimum value of 10 million VND per transaction (not apply cash transactions), the card holder can pay the minimum installment amount within 6 to 24 States in many States-statement-statement. Also, in the pilot phase services, the rate of interest the purchase by installment interest rate Cremium credit card Visa/MasterCard.

Besides, home Cremium credit card Visa/MasterCard using the installment credit service will still be participating in the program area of Loyalty Bonus, with each worth VND 10,000 payment cardholders accrue 1 reward points to redeem the bonus or gift.

Owning a credit card Visa/MasterCard Cremium not only brings convenience in payment, but also help customers manage  credit consolidation spending effectively and scientifically. Just fill out the "recommended Paper make installment transaction" (under the form of VietinBank) in any branch VietinBank in Hanoi, Tp.HCM is home credit card Cremium Visa/MasterCard was able to use this payment service is a convenient and efficient way.

All the detailed information about this credit card, please contact to us:
Card Center Main Content Area: VietinBank-Thanh Xuan-Main Ward-Hanoi. Phone: 1900545412;

Email: cardcenter@vietinbank.vn or visit the website: www.vietinbank.vn/card/

Spend first, pay later with the highest credit consolidation compared to the other card products and are entitled to 45 days without incurring interest.



Varied card payment services:
Payment for goods, services or cash at tens of millions of the point of sale or ATM millions have accepted American Express cards icon in 230 countries around the world.
Payment of goods and credit card services over the Internet.

Payment flexibility: statement
Payment by cash in any branch of Vietcombank
Money order
Automatically extract account debt by day or by month.
Easily manage and control the whole of his spending transactions anytime, anywhere through:
A detailed credit card transaction incurred by Vietcombank branch sent monthly to the customer's mail address
Internet Banking service
SMS service announces changes in personal account balance and international credit card transactions of Vietcombank

Travel services from the Office of American Express travel services around the world, including:
Information about travel
Utility payment of credit consolidation (cheques travel, change money, emergency cash advance ...)
Emergency assistance services, emergency card replacement. Contact phone number: + 39 84.8.3824 (free)
Free global insurance services with a maximum of up to 5,000 USD.