Citi launches new Vietnam banking services

The US bank partners with Vietnam Postal Savings Service to widen its payments and collections net.

Citibank Vietnam and the Vietnam Postal Savings Service Company VPSC have signed a contract to provide banking services to local Vietnamese people and firms including domestic collection and payment services, and multi-currency transaction services.

The partnership between Citi and VPSC will enable millions of Vietnamese people using the VPSC network of more than 3,000 district-level post offices in 64 provinces and cities all over Vietnam to make payments and transfers from their personal accounts to firms banking with Citi.

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